If you actually read the proposed socioeconomic transition models you will find out that inflation/demurrage is actually part of some while others propose to use money only in order to do business with a democratic central bank where inflation is no problem at all and yet others suggest not to use money at all.

Today we have some of the brightest people who get almost no funding at all and many mediocre people get all the cake because they are most ruthless and come up with new shameful ways to suck out even more money from the system. If we continue the competitive paradigm some will get rich by destroying everything they can get away with (externalizing costs) and there will be only losers left in the end ... while at the same time we create more and more irrelevant entropy/information disordering society (irrelevant jobs, bureaucracy, poverty, destruction of the biosphere, etc. can all be seen as irrelevant entropy) It is not the good people who accumulate most of the wealth or the most sustainable and efficient ideas but the ones resulting in the highest profits ...

Also if you had just a glimpse of how much resources, energy, brainpower, etc. we are wasting because of our competitive framework it would become quite clear that in a cooperative environment we would have much more of everything to be applied to the most promising projects and endeavours. In a cooperative culture people would not come up with thousands of irrelevant business plans, ideas and products in order to make even more money but those who care would try to make things more efficient, sustainable and practical. Also like 75% of all people would be liberated from their current framework based jobs and can start to contribute meaningful things to society. In a cooperative society there would not bee 100 brands of cars but maybe 20 different types of cars/projects everyone with sufficient skills and knowledge could work on. Also funding AGI would be no problem - even if you gave one supercomputer to every AGI project but stopped wasting stuff through planned and intrinsic obsolescence and the need for cyclic consumption we would be hundred times better of than today in terms of sustainability and resource efficiency.

The idea that we need leaders and asymmetries of purchasing power, influence, etc. created those tarpits that led to the collapse of Rome ... and it is exactly what is happening today ... money acts as some sort of confirmation bias for the old norm ... relevant new ideas have little influence because they do not result in more influence in the outdated paradigm.

"The breakdown of civilizations is not caused by loss of control over the environment, over the human environment, or attacks from outside. Rather, ironically, societies that develop great expertise in problem solving become incapable of solving new problems by overdeveloping their structures for solving old ones." -- Arnold J. Toynbee


On 01/14/2013 07:39 AM, Steve Richfield wrote:
Camel,

At present, the frontiers of knowledge are usually pushed back by people who are "out of step" with the remainder of society. Your proposal would starve them for resources, to fund other "safer" efforts.

Lacking perfect decision making ability, your proposal would devolve into a gigantic mediocre committee-driven firehose of money thrown in seemingly "safe" directions.

The "missing piece" appears to be the ability to value imperfect information. When you "know" something, whether "you" is a single neuron within a particular brain or a committee of many brains or something in between (like you), how much is the 100% certainty of some piece of "knowledge" to be depreciated by the vague understanding that certainty is wrong just enough to completely guide evolution and technological development, not to mention kill you if you were to completely rely on everything being true that you had never seen to be false.

100% is never 100%, and 0% is never 0%. How could you ever create and operate a committee that never completely trusted its own directions?

THESE are the sorts of questions that MUST be answered for your proposal to ever succeed. They are important questions, because the innards of an AGI will never work well without having some of the answers to this question built into them, and we don't now have those answers, which is just another barrier to developing useful AGIs in the near future.

Ancient Rome dealt with this my having the Senate elect their best leader to be Caesar, to make the big decisions, with the thought that if there were any problems, they could simply elect a different Caesar. Of course the elected Caesar would use his limitless power to quickly quash the possibility of his own removal, so being elected Caesar became in effect a lifelong appointment, though their lives were often artificially shortened.


Also, there is a serious technical problem with the concept of a "reserve currency". If you don't have steady inflation, people tend to stash it away, so you have to keep printing more and more to keep enough money in circulation. Then, when there is some tiny glitch in the economy, like a boom, people start spending their savings, which causes inflation, so more people spend their savings, which causes more inflation, which devolves into a gigantic hyperinflation spiral. With corporations and governments now hoarding many trillions of dollars, we are now poised on the brink of a worldwide monetary collapse for just that reason. Inflation is ALWAYS there. Your choice is to have a slow controlled inflation, or save it up to have it all at once.


Your economic discussion parallels some of the AGI discussions. Here is something that sounds really good, but the technology to do it isn't yet in hand, and if it were, it would probably bring on the end of modern civilization.

On the other hand, there might just be a pot of gold at the end of the rainbow you now see. I suggest setting my skepticism explained above aside, and look really hard to see if you can find a way past the obvious barriers.




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