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mk · 4798 days ago · link · · parent · post: Elizabeth Warren Quote about the Social Contract Implied in Success
This book review seems appropriate to this discussion: http://www.ribbonfarm.com/2011/09/08/fixing-the-game-by-roge...
...The so-called “real” market is non-zero-sum only during expansion phases while a generation of new technologies (often birthed by war) matures. Innovation unfortunately is a punctuated equilibrium process rather than one that adds value steadily. In mature markets, leading up to the next technological paradigm shift, the market behaves more like a zero-sum game where market share is won or lost driven by fluctuations in the distribution of natural resources, random fashion trends and advertising rather than fundamental increases in value. Found in akkartik's G+ stream.
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Venkat Rao is great. I recently posted a piece he did about Bronze. It changed my thinking completely: http://hubski.com/pub?id=5442
Very interesting... What I want to know is how the increasing rate of innovation/change we're seeing will disrupt things. The world is moving very fast. I wonder when we will start considering people who are themselves not up to the minute as a kind of human, mental scarcity.