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Ronald Coase: Difference between revisions
āā2024
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|nameurl=https://x.com/EricRWeinstein/status/1823488036459700708 | |||
|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=You mean the Friedman money and banking seminar where @haralduhlig was the principal critic who then started to understand only after the seminar? | |||
Iād be happy to do this with Harald on board. It might motivate us to finish our work that happened after the seminar. | |||
I donāt know you @florianederer. But I do know you as a consistantly bad actor. As you may know, the most famous Chicago seminar was that of '''Coase'''. Where the seminar became famous *because* Chicago got it wrong. And it took much longer to see the argument. | |||
Harald got it wrong during the seminar. And I also know that Chicago, at least historically, eventually usually gets it right. But Iād be happy to structure a bet that would penalize your being a bad actor. | |||
I write this not because I care about your opinion. But because Cliff is a colleague. And, at least here, you are a troll. Letās figure out if there is a mutually agreeable bet that gives me an ability to inflict a cost on this behavior of yours. | |||
And one last point. Arrow and Samuelson were both supportive of this work. But perhaps you see what they do not. Who knows. You are certainly very sure of your position. As am I. | |||
One of us is wrong. | |||
|timestamp=10:33 PM Ā· Aug 13, 2024 | |||
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|timestamp=7:46 PM Ā· Oct 5, 2024 | |timestamp=7:46 PM Ā· Oct 5, 2024 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1856037816209399991 | |||
|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=Or try this: | |||
{{#widget:YouTube|id=EsYDVW2na7c}} | |||
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|nameurl=https://x.com/EricRWeinstein/status/1856026921659969705 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=In this brutal campaign, potentially the most important idea for labor surviving,Ā coexisting and thriving with AI got lost. It was raised by @NicoleShanahan inside theĀ @RobertKennedyJr campaign, before they folded into MAGA/MAHA. She whispered it in a sea of shouts and screams, and to the best of my knowledge no one heard it. | |||
The idea is this: UBI is a crude dehumanizing welfare tool which should be abandoned in favor of a '''Coasian free market solution'''. | |||
Unfortunately for this idea to work, we have two massive branding problems: | |||
A) Businessmen pretend to be Free MarketeersĀ They are not. '''Coasian economics''' gives them an option to live their stated free market dream but where workers can now get wealthy. And, as you might fear, CEOs and VCs hate it. Thus you canāt trust the āfree marketeersā because the free market may be used to help labor over capital. | |||
B) UBI may be dull, blunt, socialist and stupid but it has a massive brand. '''Coase''' is a efficient and brilliant but has no marketing department. Itās a boutique āIYKYKā product for true free marketeers. Ask any top economist about the most ingenious three ideas ever had by an economist and many of them will include āCoasian Property Rightsā because it is totally non-obvious and pure. | |||
If you want to save the planet from the twin threats of Communist UBI and Post Capitalist AI, do *NOT* put a tech CEO or VC as AI/Labor Tsar. I know that sounds crazy, but that is simply due to point A). '''Coase''' makes you choose between profiteering and free marketeering. And capitalists choose personal wealth over free markets almost always (see the link below). | |||
You want a Tsarina to save the free market in @NicoleShanahan to cut all Americans in using free markets. | |||
Donāt let UBi make Americans into welfare recipients. Make them *owners* and make them WEALTHY. Please resist the temptation and do *not* give this portfolio to business people claiming to be free marketeers. '''Use Coase instead'''. | |||
This should have been front and center given the looming threat to labor. Letās start talking about it now. There is no time to lose. | |||
[For how this works technically, change Migrant Workers to AIs in the following: | |||
https://www.ilo.org/sites/default/files/wcmsp5/groups/public/@ed_protect/@protrav/@migrant/documents/publication/wcms_201871.pdf | |||
and the entire framework goes over, more or less word for word.] | |||
š | |||
|timestamp=5:31 PM Ā· Nov 11, 2024 | |||
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|nameurl=https://x.com/EricRWeinstein/status/1856037481801756768 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content={{#widget:YouTube|id=00HPak2RLlQ}} | |||
|timestamp=6:13 PM Ā· Nov 11, 2024 | |||
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|timestamp=6:14 PM Ā· Nov 11, 2024 | |||
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