Any human with above room temperature IQ can design a utopia. The reason our current system isn’t a utopia is that it wasn’t designed by humans. Just as you can look at an arid terrain and determine what shape a river will one day take by assuming water will obey gravity, so you can look at a civilization and determine what shape its institutions will one day take by assuming people will obey incentives.
Possible corrolary: If you have any slack in the system, use it to dig a new canal, not endlessly row your boat upriver. Non-profit capital is an example of slack.
The latest development in the brave new post-Bitcoin world is crypto-equity. At this point I’ve gone from wanting to praise these inventors as bold libertarian heroes to wanting to drag them in front of a blackboard and making them write a hundred times “I WILL NOT CALL UP THAT WHICH I CANNOT PUT DOWN”
Also: Use your slack to call up that which you cannot put down. That’s how you know you’ve dug a canal.
Possible corrolary: If you have any slack in the system, use it to dig a new canal, not endlessly row your boat upriver. Non-profit capital is an example of slack.
Also: Use your slack to call up that which you cannot put down. That’s how you know you’ve dug a canal.