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2024-09-15 20:13:20 UTC
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Cykonot on Nostr: kleptocratic media is not conducive to an open society. Each individual seems to ...

kleptocratic media is not conducive to an open society. Each individual seems to maximize rates of returns across their own portfolio, which does not necessarily maximize production or well-being or veracity. Each actor is rational individually: the problem is incentives.

Further, market regulators are under the same kinds of pressures. And politicians require ever increasing capital to campaign. Not to mention personal self-interest.

https://americanaffairsjournal.org/2021/08/the-value-of-nothing-capital-versus-growth/

Citizens United etc etc