You're right about that! I don't trust any human, or group of humans, to have both the ability to exercise power without consequences and to have integrity. But corporation management is amount the most corrupt groups in current society, and is a major corrupter of the political system. (Not that it wasn't pretty corrupt already...politicians are a major input that caused me to formulate "exercise of power without consequences" as the key element.)

On 01/10/2013 07:17 AM, Aaron Hosford wrote:
I guess democracies have their issues too... I wonder how we get around that with the president. (Yes, that's tongue in cheek.)


On Wed, Jan 9, 2013 at 8:53 PM, Charles Hixson <[email protected] <mailto:[email protected]>> wrote:

    Sorry, you've just concentrated power in the hands of a management
    that has already been shown to be incredibly corrupt.  (My take on
    this is that lack of consequences leads to corruption, but that's
    a slightly different topic.)  Many corporation pay their top
    management *extremely* large salaries, while shafting both the
    lower level employees and the stockholders.  In fact many
    corporations pay their top executives huge salaries while losing
    money hand over fist.

    On 01/08/2013 03:30 PM, Aaron Hosford wrote:
    If every citizen owned an equal share of every major corporation,
    all those profits wouldn't be concentrated in the hands of the
    few, and unnecessary competition would cease to be an issue.
    Additionally, the interests of the shareholders would then be
    aligned with the interests of the customers, meaning corporations
    would no longer be expected to screw their customers in favor of
    their shareholders. (Imagine the effect on advertising!)
    Furthermore, as jobs are automated away, the dividends to all
    would smoothly increase due to the cost savings, acting as social
    welfare without the need for government intervention, the
    proverbial robbing of Peter to pay Paul.

    It's called the cooperative business model, and it has all the
    benefits of the capitalist model and the socialist model
    combined, without their flaws. Your neighborhood credit union is
    one, and it probably was established during the Great Depression
    to deal with the monetary woes that came from the last great wave
    of automation, when people stopped working on farms. But
    currently cooperatives aren't universal. I'd like to see a
    universal cooperative, one whose sole basis for an ownership
    share is citizenship. I think this is probably the only way to
    smoothly transition from our current economic model into one
    that's both efficient and fair.



    On Fri, Dec 28, 2012 at 11:04 PM, just camel <[email protected]
    <mailto:[email protected]>> wrote:

        Because in a competitive environment which _requires_
        exponential economic growth you get all the problems we are
        facing today. You just ignore technological unemployment and
        social asymmetries that get bigger and bigger. Today only a
        few people benefit from robots/AI and millions suffer because
        this socioeconomic framework does not provide them with the
        necessities of life once their job is no longer required to
        due higher efficiency/automation. Do you suggest that all the
        millions of people working at McDonalds will find new jobs in
        AGI R&D? Why do the most intelligent people on this planet
        have such a hard time to think outside the box when it comes
        to economics?


        On 01/08/2013 01:19 PM, Matt Mahoney wrote:

            I fail to see why people get upset over the prospects of
            robots doing
            their work for them, and the economic growth, freedom,
            and improved
            living conditions that go along with it.

            --
            -- Matt Mahoney, [email protected]
            <mailto:[email protected]>


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