A healthy civilisation draws a line around the sacred and refuses to price what's inside it. The line moves, but the line exists.

A civilisation in decay erases that line.

https://www.joanwestenberg.com/why-prediction-markets-are-a-sure-sign-that-our-civilisation-is-in-decay/

Why prediction markets are a sure sign that our civilisation is in decay

Prediction markets are the clearest single sign our civilisation has entered a late and decadent stage. The reason isn't that they're new or sinister. It's that the case for them is defensible, the technology works, the outputs are useful, but the long-term effect is corrosive anyway.

Westenberg.

@Daojoan "People blame the institutions for their inefficiency, without noticing that the efficiency of the replacements is achieved by discarding the functions that the institutions existed to provide."