I studied capitalism in college because it was a particular interest of mine. I hated it. I also wanted to understand it, so that I could know why it rubbed me the wrong way and live intentionally to push against it.

There was this moment when I was in a grad course and the professor was talking about self-optimizing markets. That's when it hit me. I literally stood up in the class, interrupted everything and went like "wait, the math isn't optimizing for income inequality". It was kind of funny watching more than 100 little economists in training suddenly start tearing apart the equation at once. You could literally hear the sound of frantic spreadsheeting and charting.

In the end, the professor himself said that it was true, you could achieve a fully "optimized" economy with literally everything being owned by a handful of people. Made me think.

How is a system supposed to be beneficial for us all when the mathematics at its core don't actually consider societal benefit?

If an economy is fully "optimized" but everyone is sick, sad, and angry - is it actually optimal?

A mathematical model can make sense without being sensible. This is why I have an implicit distrust of algorithms and other systems of optimization. It's also why I'm a socialist.

Thank you for coming to my TED talk.

@scarlet so what *was* it optimizing for?
@billseitz @scarlet Most profitable price point for any good or service, externalities be damned.

@billseitz @SocialistStan @scarlet but that’s why we don’t live in an anarchy — so we can tax the wealth and put excess profits back into the welfare of all — so we maximize growth but consciously minimize inequality — or we would if we neoliberals we’re in charge ;-)

Pre-WTO China was very “fair” but had no superabundance of wealth to redistribute, so everyone was on the edge of starvation all the time.

@dcoli @billseitz @scarlet

If we lived in an anarchy we wouldn't need to tax the wealthy, because we would have equality ingrained into the system.

Basically you want a system where the government and the elite choose not to oppress people, I want a system where they can't.

@SocialistStan @billseitz @scarlet you can’t enforce anarchy. Gangs will form, and then we’re back to the worst forms of government.
@dcoli @billseitz @scarlet Of course you can enforce anarchy, dealing with a gang is just dealing with a government in miniature, dismantle hierarchies as they form.
@scarlet @SocialistStan @billseitz who organizes to dismantle the already more organized gang? That’s not how power works, I fear

@dcoli @scarlet @billseitz If you have questions about what anarchy on a large scale looks like look at the region of Zomia in Southeast Asia, they've had anarchy for millennia. It's entirely possible there, and it will become increasingly possible here too as the neoliberal order crumbles, US decline is just getting started.

https://archive.org/details/artofnotbeinggov0000scot

The art of not being governed : an anarchist history of upland Southeast Asia : Scott, James C., author : Free Download, Borrow, and Streaming : Internet Archive

1 online resource (xviii, 442 pages) :

Internet Archive
@scarlet @SocialistStan @billseitz I’m sorry, but that isn’t the trend.