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Creditism: an economic evolution
Comparison Table
1
Feature
Capitalism
Creditism
2
Who Governs
Imposed (Command & Control)
democratic member-run bottom-up
integrated collective intellegence
3
Ownership
Private Owners. Economic dictatorship.
Communal & Private. Economic democracy
4
Information
artificial general intelligence
integrated collective intelligence informed with AGI
5
Incentive
Winner-take-all all competition: win-lose
Aligned with private profit and individual gain
Cooperative competition: Omni-win
Aligned with public interest and common good
Personal Credit motivates contribution, Bonuses incentivize solving problems, Flow currency rewards work for common good
6
Who Profits
Owners or shareholders of fictional entities
People
7
Motive
Extrinsic Motive
Extrinsic & Intrinsic Motive
8
Credit Creation
Credit is created by nations and banks. It is issued to control labor and Capital for trade. The Credit has us.
Credit is created by society. Credit issued to incentivize labor and for access to capital for use. We have the Credit.
9
Resource Availability
Private market
Open market
10
Resources
For profit via Resource Extraction
For human needs via Resource management
accounted for in public databases for transparency
Data guides sustainable extraction and production/Advancement guided by human values
more collaboration, less waste
11
Accounting
Trade based
Flow based
12
Purpose of Economic System
people serve the economic system
economic system serves the people
13
Resource Use
extraction, consumption and waste incentivized
ecological sustainability incentivized
14
Valuation
people, resources, and other objects are valued in terms of their utility to profit
individuals, families, communities, and ecosystems are valued in terms of their existence through being taken into account, having the right to credit, and receiving credit. Individuals are valued in terms of their contributions to communities and ecosystems through earning extra personal credit. Communities are valued through receiving community credit. Individuals are valued as members of communities through receiving community credit.
15
Credit System
Centrally-controlled, usury based credit system. Economic dictatorship.
Decentralized credit based system. Economic democracy.
16
Value System
extrinsic economic values and necessities imposed, and at cross purposes to other intrinsic and extrinsic values creating social, psychological, and ecological degradation
extrinsic economic, social, and ecological values aligned with other intrinsic and extrinsic values creating social, psychological, and ecological cooperation
17
Result
Unstable centralized debt-based system self-terminating. Finite
Stable distributed credit-based system. Infinite
18
Jobs
based upon control and domination
based upon voluntary cooperation
19
Housing
20
Sports
21
profits from conflicts and wars,
prevents conflicts and solves them non-violently, promoting lasting global peace.
22
2. Thriving physical and psychological well-being
profits from long-term symptom management and disease
focus on optimizing health and preventing diseases
23
Control of Information
Incentivizes hiding information for competitive advantage.
Transparent, open, information sharing world.
24
Quantity of goods and values
Relies on scarcity for relative valuation.
Aims to engineer scarcity out of the system, promoting abundance for everyone.
25
Thriving diverse ecology and biosphere
only recognizes extractable and accumulatable wealth
prioritize a thriving ecology and biosphere, promoting a closed-loop, upcycling materials economy,
26
Maximum freedom and unique self-actualization
conflates self-actualization with wealth accumulation.
support individual freedom and encourage unique self-actualization, while promoting interpersonal intimacy and synergy
27
Good systems of choice making
governance and judicial systems are mediated by people who are economic actors themselves.
aim for unbiased, high-integrity systems of choice making
28
Anti-fragility and full richness of all complex systems
relies on simplified value metrics corresponding to simplified models of reality.
promote the resilience, antifragility, health, and aliveness of all complex systems
29
Anti-fragility in the presence of exponential technology
increases capacity for intentional and unintentional harm.
aim to develop wisdom and care commensurate with the power of exponential technology
30
Correction Measures
Punitive
31
Reaction Type
Interventionary
32
There are no rows in this table
Incentives in Capitalism v Creditism
Incentives in Capitalism
Desired Reality/Creditism
1
For-profit military industrial complex as one of the largest blocks of the global economy. Peace would mean bankruptcy. Ongoing war and threat of war to continually manage is optimal. War for any cause is profitable. Military contractors have massive lobbying resources, and major shareholders in decision making positions of military and government.
Lasting global peace – Conflicts prevented and solved non-violently when needed.
2
A for-profit health care system that makes no money on healthy people, makes a little on permanent cures, makes the most on long term symptom management…makes even more if side-effects require additional treatment (upsell/cross-sell); maximizes lifetime value of a customer (patient) the earlier they start treatments; loses income from anything that promotes health and prevents disease; can only use patented synthesized chemicals to have high enough margins to cover the upfront cost of FDA regulation and later class action law suits (so natural substances and chemicals with expired patents are ineffective); optimal profits involve keeping people alive and able to make $ to pay for health care as long as possible, while utilizing as many disease management products (meds) as possible.
Thriving physical and psychological well-being for everyone. Robust health optimized, disease prevented, and where health issues do arise, they should be cured as completely as possible, as quickly as possible, addressing all causal dynamics, utilizing all the tools available, with minimum side effects.
3
Information as competitive advantage, incentivizing hiding information, protecting it as intellectual property to keep it from being useful to others, and actively creating and promoting disinformation. Where our economic interests require others to behave in particular ways, and the information they are exposed to regarding us is part of what influences their behavior, our interest is to control the information they are exposed to, and to tailor it to influence the behaviors we are seeking, aka manipulation. Marketing is rarely telling the truth, the whole truth, and nothing but the truth. It would be disadvantageous to do so. It is about maximizing effective spin within the limits of what we can get away with. The same with the information we share with investors, employees, regulatory bodies, etc. With competitors, just like when we fake left then run right in sports, we might find advantage to create and share overt disinformation.
A transparent, open, information sharing world. Where all the information that could empower people is readily available; all interests are aligned with what is true and systemically positive; disinformation is identified and discarded, etc.
Choice making (governance) can only be as good as the relevant information fed into the process (sense-making). [Partial and/or corrupted information make good choice making impossible.]
4
Scarcity as a primary source of relative valuation. Where the (perceived) scarcity of something increases its desirability and per unit worth. Eg, air has no economic value, because it is abundant enough that I don’t need to consider it. As a result, economic calculus will encourage choices that burn oxygen and pollute the air. Diamonds were perceived as scarce so not everyone could have them abundantly, so having them conferred some kind if differential advantage. Their relative valuation compared to say sapphires or quartz was based primarily on the relative perceived scarcity of each. As a result, when we started finding huge mines that revealed that diamonds werent as rare as previously thought, the major diamond selling companies started destroying and hiding the diamonds (creating artificial scarcity) to keep the price high. Zirconia’s that are more perfect by all metrics that diamonds are judged on, are worth less because it’s known they aren’t scarce. So the environmental and human damage of mining continues to provide lower quality diamonds, that are perceived as valuable because of legacy ideas of value, when we thought they were scarce.
In a system where valuation is proportional to scarcity, abundance is the death of value.
Abundance of all meaningful goods and values for everyone in the system. Where scarcity is intentionally, progressively engineered out of the system as an essential design goal. Where economic valuation is rigorously connected to real value.
5
An economic system that only recognizes extractable and accumulatable wealth. Where nature (the commons) doesn’t have a balance sheet. So unlike interactions with other economic actors that also have balance sheets, interactions with nature don’t have to be equitable, don’t require consent, and don’t require the ledger to balance. “Industrious” has largely meant ‘good at extracting value from nature and externalizing costs (waste) to nature effectively’.
Living trees in a forest have no economic value. Turned into lumber, they do. The same with living whales vs whale meat. We measure extractable and exchangeable wealth. And we optimize for what we measure.
If all the externalized costs of coal energy were accounted for and internalized, the cost would be orders of magnitude more and renewable energy tech would have reached grid parity when it was first invented and would proliferated globally long ago.
A thriving diverse ecology and biosphere. Where new products are made from old products, obsoleting waste and environmental damage from resource acquisition, in a closed loop, upcycling materials economy. With nutrient and microbiome rich soils. No industrial pollutants in the environment. Healthy coral, large fish populations, old growth forests, protected natural areas and nature integrated with the human built world, etc.
6
Private ownership at the core of the system, where accumulation equals advantage, and having more resource increases the capacity to create more resource.
Where interest bearing pools of capital grow faster than the total economy. Where more resources grant access to the financial services to create more resources, while debt accrues interest creating greater debt…leading to inexorably widening wealth gaps, leading to class stratification.
Where being born into more resources generally means better education, health care, and opportunity for success.
Where holding on to accumulated wealth in the presence of poverty requires rationalizing that behavior and turning off avenues of empathy (abstract structural psychopathy).
Where real intimacy is limited between people relating across economic class differences.
Where self actualization gets conflated with wealth accumulation.
A system that supports the maximum freedom of individuals and encourages their unique self-actualization…while encouraging the greatest depth and breadth of interpersonal intimacy and synergy.
All people having access to the best resources of health care, education, and creativity that are technologically possible.
People incented to create and to support others to create…and to connect meaningfully with other humans…to appreciate the beauty of the world and to add beauty to it.
7
Governance and judicial systems mediated by people who are themselves economic actors in the system the are ruling on.
The economic incentive of the lawyer is billable time, not ideal legal advice. Economic interests with more capital can afford to hire more lawyers to lobby for legislation in their interest. Judges and governors, police and senators, are all economic actors outside of their role, who can be advantaged or disadvantaged personally by choices they make, meaning they are always wearing multiple hats. Elected officials require campaign budgets that equal favors owed if they want to be re-elected.
Capitalism and representative democracy together will always become crony capitalism.
Good systems of choice making, not damaged by vested interest. Choices that require the participation of many people, and/or that will affect many people, that need maximum integrity and minimum bias.
Processes for resolving conflicts that are structurally oriented to prefer optimal conflict resolution.
8
Abstract simplified value metrics corresponding to simplified models of reality, that are the basis of what we optimize.
A simplified economic metric like GDP grows from war and mindless consumption and decreases from reusing or sharing products, making higher quality goods at a lower cost, or decoupling happiness from consumption all together.
The real value of a tree in an ecosystem involves an indefinite number of metrics to an unspecifiable number of beneficiaries. Nectar to pollinators, homes for birds and squirrels, food for aphids and the ants that harvest them, fruit for animals, sequestering CO2 from the atmosphere, creating O2. Stabilizing the topsoil, preventing flooding and runoff. Symbiosis with the mycorrhizae and mycelial network that connects the whole forest. Etc. It might be positively affecting coastal ecosystems hundreds of miles downstream because of its effects on preventing runoff. Benefitting the genetics of other plant species by the pollinators it supports. Benefitting people that won’t be born till after it dies, through these distributed effects.
All of this value is complex. And it is worth nothing on anyone’s balance sheet yet. With dollars as a simplified value metric, we can extract that tree from its environment, decontextualize it from the system that it co-evolved with, and turn it into 2×4’s. Now it’s worth $1,000. To one beneficiary who owns it and claims it on their balance sheet. And can now exchange it for other extracted resources. This slaughtered animal might also be $1000. And this person’s labor. And this piece of intellectual property. All now exchangeable abstract wealth, none of which could have been exchanged in their contextual environments for the real complex value they served.
We do the same in medicine when we assess health by a few biometrics that are easy to measure and affect, so we give statins to bring LDL down, which they do, at the expense of toxicity of many kinds to many systems that we generally don’t measure.
The same with measuring a child’s value by their IQ or GPA. We sacrifice other areas of life that matter more to optimize those value metrics.
Simplified value metrics are the foundational source of all externalities.
Turning complex, contextualized value, into simple or complicated, abstracted, extractable and accumulatable or tradable value….is entropy. Evolution is defined by increasing orderly complexity leading to increased synergy and emergent properties. This is what nature does. This is the opposite of what we are doing when we simplify complex value. This form of economics is fundamentally anti-evolutionary, anti-resilience, and anti-wellbeing.
Anti-fragility and full richness of all complex systems: ecology, physiology, psychology, culture.
Resilience, antifragility, health, and aliveness are proportional to self-organizing complexity. Both the safety and real value of a civilization depends on its alignment with these fundamental complex systems.
9
Developing exponential capacity to affect reality with our choices, within the context of an economic system based on win-lose gaming dynamics and cost-externalization, so we are exponentially increasing our capacity for intentional and unintentional harm.
Exponentially increasing power, with anything like our current frameworks for choice making, is unavoidably self-terminating.
Antifragility in the presence of exponential technology.
Developing the power of god’s requires developing the wisdom and care of god’s.
There are no rows in this table
Comparison Table of systems and institutions
1
FEATURE
CAPITALISM
CENTRALLY PLANNED SOCIALISM
PARTICIPATORY ECONOMICS
2
Ownership of Productive Property
Private
State
Social
3
Division of tasks
Hierarchical
Hierarchical
Balanced Jobs
4
Decision making
Authoritarian
Authoritarian
Self-management
5
Compensation
Ownership, contribution to output, and power
Output and privilege
Effort and Sacrafice
6
Allocation
Markets
Central Planning
Democratic Particpatory Planning
There are no rows in this table
Capitalism
Creditism
1
Capitalism
Communism
Socialism
2
Ownership
Private
Collective & Private
Public
3
Economy
Free market
Command economy
Mixed economy
4
Wealth
Unequal distribution
Absence of wealth
More equal distribution
5
Production
For profit
For social benefit
For social benefit
6
Government
Minimal intervention
Centralized planning
Significant intervention
7
Incentives
Profits and self-interest
Common good and solidarity
Social welfare and equality
8
Class
Class distinctions
Classless society
Reduced class distinctions
9
Individual
Individualism
Suppression of individuality
Emphasis on community
10
Innovation
Encouraged and rewarded
Deprioritized
Encouraged and socially useful
11
12
Capitalism
Communism
Creditism
13
Definition
Economic system based on private ownership of the means of production and the creation of goods and services for profit.
Economic system where the means of production are owned and controlled by the state, and goods and services are produced and distributed according to need.
Economic system that emphasizes the use of credit to finance economic activity, rather than traditional forms of investment.
14
Ideology
Emphasizes individualism, competition, and free markets.
Emphasizes collectivism, cooperation, and central planning.
Emphasizes the importance of credit and financial markets in driving economic growth.
15
Inequality
Allows for income inequality, as wealth is accumulated through private enterprise.
Aims to eliminate income inequality through the redistribution of wealth.
Can exacerbate income inequality, as those with access to credit have an advantage over those who do not.
16
Ownership
Private ownership of the means of production.
State ownership of the means of production.
Private ownership of the means of production, but with an emphasis on using credit to finance economic activity.
17
Competition
Encourages competition between firms to drive innovation and efficiency.
Competition is less emphasized, as the state controls production and distribution.
Emphasizes competition between borrowers for access to credit.
18
Innovation
Emphasizes innovation as a means of driving economic growth.
Innovation is encouraged, but the state controls research and development.
Emphasizes the importance of innovation in creating new financial products and services.
19
Efficiency
Emphasizes efficiency in production and distribution.
Efficiency is emphasized, but may not be as important as meeting social goals.
Emphasizes the efficient allocation of credit to promote economic growth.
20
Role of government
Limited role in the economy, with a focus on protecting property rights and enforcing contracts.
Central role in the economy, with the state controlling production and distribution.
Limited role in the economy, with a focus on regulating credit markets and ensuring stability.
21
Social safety net
Relies on private charity and social safety net programs to provide assistance to those in need.
Social safety net programs are provided by the state.
Social safety net programs are provided by the state, but may be limited due to the emphasis on credit-based financing.
22
Economic growth
Emphasizes economic growth as a means of improving the standard of living for all citizens.
Economic growth is important, but may be secondary to social goals.
Emphasizes the importance of credit and financial markets in driving economic growth.
There are no rows in this table
Table 4
Column 1
Desired Reality
Incentives in Capitalism
Incentives in Creditism
1
1
Lasting global peace – Conflicts prevented and solved non-violently when needed.
For-profit military industrial complex as one of the largest blocks of the global economy. Peace would mean bankruptcy. Ongoing war and threat of war to continually manage is optimal. War for any cause is profitable. Military contractors have massive lobbying resources, and major shareholders in decision making positions of military and government.
Unlike capitalism, which profits from conflicts and wars, creditism would aim to prevent conflicts and solve them non-violently, promoting lasting global peace.
2
2
Thriving physical and psychological well-being for everyone. Robust health optimized, disease prevented, and where health issues do arise, they should be cured as completely as possible, as quickly as possible, addressing all causal dynamics, utilizing all the tools available, with minimum side effects.
A for-profit health care system that makes no money on healthy people, makes a little on permanent cures, makes the most on long term symptom management…makes even more if side-effects require additional treatment (upsell/cross-sell); maximizes lifetime value of a customer (patient) the earlier they start treatments; loses income from anything that promotes health and prevents disease; can only use patented synthesized chemicals to have high enough margins to cover the upfront cost of FDA regulation and later class action law suits (so natural substances and chemicals with expired patents are ineffective); optimal profits involve keeping people alive and able to make $ to pay for health care as long as possible, while utilizing as many disease management products (meds) as possible.
Creditism would focus on optimizing health and preventing diseases, unlike capitalism that profits from long-term symptom management and disease.
3
3
A transparent, open, information sharing world. Where all the information that could empower people is readily available; all interests are aligned with what is true and systemically positive; disinformation is identified and discarded, etc.
Choice making (governance) can only be as good as the relevant information fed into the process (sense-making). [Partial and/or corrupted information make good choice making impossible.]
Information as competitive advantage, incentivizing hiding information, protecting it as intellectual property to keep it from being useful to others, and actively creating and promoting disinformation. Where our economic interests require others to behave in particular ways, and the information they are exposed to regarding us is part of what influences their behavior, our interest is to control the information they are exposed to, and to tailor it to influence the behaviors we are seeking, aka manipulation. Marketing is rarely telling the truth, the whole truth, and nothing but the truth. It would be disadvantageous to do so. It is about maximizing effective spin within the limits of what we can get away with. The same with the information we share with investors, employees, regulatory bodies, etc. With competitors, just like when we fake left then run right in sports, we might find advantage to create and share overt disinformation.
Creditism would encourage transparency and open information sharing, as opposed to capitalism that incentivizes hiding information for competitive advantage.
4
4
Abundance of all meaningful goods and values for everyone in the system. Where scarcity is intentionally, progressively engineered out of the system as an essential design goal. Where economic valuation is rigorously connected to real value.
Scarcity as a primary source of relative valuation. Where the (perceived) scarcity of something increases its desirability and per unit worth. Eg, air has no economic value, because it is abundant enough that I don’t need to consider it. As a result, economic calculus will encourage choices that burn oxygen and pollute the air. Diamonds were perceived as scarce so not everyone could have them abundantly, so having them conferred some kind if differential advantage. Their relative valuation compared to say sapphires or quartz was based primarily on the relative perceived scarcity of each. As a result, when we started finding huge mines that revealed that diamonds werent as rare as previously thought, the major diamond selling companies started destroying and hiding the diamonds (creating artificial scarcity) to keep the price high. Zirconia’s that are more perfect by all metrics that diamonds are judged on, are worth less because it’s known they aren’t scarce. So the environmental and human damage of mining continues to provide lower quality diamonds, that are perceived as valuable because of legacy ideas of value, when we thought they were scarce.
In a system where valuation is proportional to scarcity, abundance is the death of value.
Creditism would aim to engineer scarcity out of the system, promoting abundance for everyone, unlike capitalism that relies on scarcity for relative valuation.
5
5
A thriving diverse ecology and biosphere. Where new products are made from old products, obsoleting waste and environmental damage from resource acquisition, in a closed loop, upcycling materials economy. With nutrient and microbiome rich soils. No industrial pollutants in the environment. Healthy coral, large fish populations, old growth forests, protected natural areas and nature integrated with the human built world, etc.
An economic system that only recognizes extractable and accumulatable wealth. Where nature (the commons) doesn’t have a balance sheet. So unlike interactions with other economic actors that also have balance sheets, interactions with nature don’t have to be equitable, don’t require consent, and don’t require the ledger to balance. “Industrious” has largely meant ‘good at extracting value from nature and externalizing costs (waste) to nature effectively’.
Living trees in a forest have no economic value. Turned into lumber, they do. The same with living whales vs whale meat. We measure extractable and exchangeable wealth. And we optimize for what we measure.
If all the externalized costs of coal energy were accounted for and internalized, the cost would be orders of magnitude more and renewable energy tech would have reached grid parity when it was first invented and would proliferated globally long ago.
Creditism would prioritize a thriving ecology and biosphere, promoting a closed-loop, upcycling materials economy, unlike capitalism that only recognizes extractable and accumulatable wealth.
6
6
A system that supports the maximum freedom of individuals and encourages their unique self-actualization…while encouraging the greatest depth and breadth of interpersonal intimacy and synergy.
All people having access to the best resources of health care, education, and creativity that are technologically possible.
People incented to create and to support others to create…and to connect meaningfully with other humans…to appreciate the beauty of the world and to add beauty to it.
Private ownership at the core of the system, where accumulation equals advantage, and having more resource increases the capacity to create more resource.
Where interest bearing pools of capital grow faster than the total economy. Where more resources grant access to the financial services to create more resources, while debt accrues interest creating greater debt…leading to inexorably widening wealth gaps, leading to class stratification.
Where being born into more resources generally means better education, health care, and opportunity for success.
Where holding on to accumulated wealth in the presence of poverty requires rationalizing that behavior and turning off avenues of empathy (abstract structural psychopathy).
Where real intimacy is limited between people relating across economic class differences.
Where self actualization gets conflated with wealth accumulation.
Creditism would support individual freedom and encourage unique self-actualization, while promoting interpersonal intimacy and synergy, unlike capitalism that conflates self-actualization with wealth accumulation.
7
7
Good systems of choice making, not damaged by vested interest.Choices that require the participation of many people, and/or that will affect many people, that need maximum integrity and minimum bias.
Processes for resolving conflicts that are structurally oriented to prefer optimal conflict resolution.
Governance and judicial systems mediated by people who are themselves economic actors in the system the are ruling on.
The economic incentive of the lawyer is billable time, not ideal legal advice. Economic interests with more capital can afford to hire more lawyers to lobby for legislation in their interest. Judges and governors, police and senators, are all economic actors outside of their role, who can be advantaged or disadvantaged personally by choices they make, meaning they are always wearing multiple hats. Elected officials require campaign budgets that equal favors owed if they want to be re-elected.
Capitalism and representative democracy together will always become crony capitalism.
Creditism would aim for unbiased, high-integrity systems of choice making, unlike capitalism where governance and judicial systems are mediated by people who are economic actors themselves.
8
8
Anti-fragility and full richness of all complex systems: ecology, physiology, psychology, culture.
Resilience, antifragility, health, and aliveness are proportional to self-organizing complexity. Both the safety and real value of a civilization depends on its alignment with these fundamental complex systems.
Abstract simplified value metrics corresponding to simplified models of reality, that are the basis of what we optimize.
A simplified economic metric like GDP grows from war and mindless consumption and decreases from reusing or sharing products, making higher quality goods at a lower cost, or decoupling happiness from consumption all together.
The real value of a tree in an ecosystem involves an indefinite number of metrics to an unspecifiable number of beneficiaries. Nectar to pollinators, homes for birds and squirrels, food for aphids and the ants that harvest them, fruit for animals, sequestering CO2 from the atmosphere, creating O2. Stabilizing the topsoil, preventing flooding and runoff. Symbiosis with the mycorrhizae and mycelial network that connects the whole forest. Etc. It might be positively affecting coastal ecosystems hundreds of miles downstream because of its effects on preventing runoff. Benefitting the genetics of other plant species by the pollinators it supports. Benefitting people that won’t be born till after it dies, through these distributed effects.
All of this value is complex. And it is worth nothing on anyone’s balance sheet yet. With dollars as a simplified value metric, we can extract that tree from its environment, decontextualize it from the system that it co-evolved with, and turn it into 2×4’s. Now it’s worth $1,000. To one beneficiary who owns it and claims it on their balance sheet. And can now exchange it for other extracted resources. This slaughtered animal might also be $1000. And this person’s labor. And this piece of intellectual property. All now exchangeable abstract wealth, none of which could have been exchanged in their contextual environments for the real complex value they served.
We do the same in medicine when we assess health by a few biometrics that are easy to measure and affect, so we give statins to bring LDL down, which they do, at the expense of toxicity of many kinds to many systems that we generally don’t measure.
The same with measuring a child’s value by their IQ or GPA. We sacrifice other areas of life that matter more to optimize those value metrics.
Simplified value metrics are the foundational source of all externalities.
Turning complex, contextualized value, into simple or complicated, abstracted, extractable and accumulatable or tradable value….is entropy. Evolution is defined by increasing orderly complexity leading to increased synergy and emergent properties. This is what nature does. This is the opposite of what we are doing when we simplify complex value. This form of economics is fundamentally anti-evolutionary, anti-resilience, and anti-wellbeing.
Creditism would aim for unbiased, high-integrity systems of choice making, unlike capitalism where governance and judicial systems are mediated by people who are economic actors themselves.
9
9
Antifragility in the presence of exponential technology.
Developing the power of god’s requires developing the wisdom and care of god’s.
Developing exponential capacity to affect reality with our choices, within the context of an economic system based on win-lose gaming dynamics and cost-externalization, so we are exponentially increasing our capacity for intentional and unintentional harm.
Exponentially increasing power, with anything like our current frameworks for choice making, is unavoidably self-terminating.
Creditism would aim to develop wisdom and care commensurate with the power of exponential technology, unlike capitalism that increases capacity for intentional and unintentional harm.
There are no rows in this table
Table 5
Column 1
Column 2
1
GAME A
GAME B
There are no rows in this table
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