Who Owns the Future?

by Jaron Lanier

pairs benefits with frustrations.

socialism - replace finance with politics

spent a preponderance of his energies on observing this

replace finance entirely with politics

turned out to be vastly crueler than even the worst dysfunctions of capital.

Well its for the case of the blind perpetrator vs the intentional one, perhaps, but grading any social organization that isn't blind does bring the issue of what their visual model is, so to speak. The USSR didn't falsify every mode of economics other than reductionalistic capital... Greater power demands greater responsibility which in turn necessitates deeper understanding, unto the wisdom of compassion... Anarchy is the most (natural) ordered phenomena

Marx wanted

a committee to make sure everyone gets what’s...

whether markets can be counted on to create...

Marx argued that finance was an inherently hope...

market systems will always degrade into the ru...

In that way, this is a Marxist book

Great wealth is naturally persistent,

And self connection leads to encounters with self which continues self connection.

a middle-class status has not proven to be stable without a little help.

winner-take-all distribution.

only a few succeed,

The formula for the value of networks basically ensures this

Tweaks to Network Design Can Change Distributions of Outcomes

Network design aka the market context

organically give rise to more bell curve distributions

We don’t know as much as I believe we one day will about the implications of specific network designs,

when there is a global sorting of people within a single framework.

the trend of winner take all.. luck - noise amplified.

need not and ought not continue to be so.

function as the treats

To rely on them fundamentally is a mistake—not just a pragmatic or ethical mistake, bu...

just a way of packaging a ...

the same information using a different de...

amplify errors and make outcomes les...

Distributions can only be based on ...

an anointed individual will suddenly become rich

onlookers are inevitably fascinated by the role of luck.

even the slightest flicker...

yet the rewards of winning and losing are vastly different.

noise is amplified.

less reality-based.

statistical sense to talk about average

a paucity of influential sorting processes.

an ever-larger, more global body of competitive peers—is

competition or perhaps automation).

an unbounded variety of paths, or sorting processes, that can lead to success.

delocalizing

In antenimbosian* days,

a local banker could discern

reduce such benefits of locality,

Bread eaters would get bargains, it’s true, but those would be more than canceled out by reduced prospects.

star systems starve themselves, bell systems renew themselves

Star Systems Starve Themselves; Bell Curves Renew Themselves

not create enough of a middle class to support a real market dynamic.

Gilding cannot float. It must reside on a substrate.

The prominence of middle classes in the last century actually made the rich richer than would have a quest to concentrate wealth absolutely.

more lucrative than the winner taking all.

using levies to create bell curves

Digital networks, however, do not intrinsically need to repeat this pattern.

there was no alternative but to accept situations that tended to yield star-system results.

OReally?

The Senseless Ideal of a Perfectly Pure Market

note from the present impossibility of being an absolutist. gotta fix bugs

A technology is useless if it can’t be tweaked.