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There is a guy on the other side of that transaction who would capture that surplus value.



This assumption promotes the behavior and at the same time assumes everyone in the room is playing for the same ultimate incentive.

The problem is a self-reinforcing positive feedback loop. It seems that only if you can avoid (or want) a tragedy of the commons should you solve that by introducing more self-reinforcing feedback loops.


The feedback loop here isn’t a problem. It’s what incites production.


I disagree. It’s the poverty trap that incites production.




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