Good piece by @robinhanson. For the Ethereum regen/public goods funding community, a key question to ponder is: are we doing a good enough job of making our public goods funding mechanisms replicate the positive parts of capitalism _other_ than "incentives"?

Good piece by @robinhanson. For the Ethereum regen/public goods funding community, a key question to ponder is: are we doing a good enough job of making our public goods funding mechanisms replicate the positive parts of capitalism _other_ than "incentives"?

https://www.overcomingbias.com/p/incentives-are-not-enough

Besides incentives, you also need to ensure alignment of values

> Imagine a billionaire kidnapped a random person... And yet would most likely fail

They'd fail because they are doing something against their will

I feel we ought to revisit the concept of public goods—as its coherence is contradicted by recent example since it was proposed and accepted as a model for thinking about markets

Consider:

I feel we ought to revisit the concept of public goods—as its coherence is contradicted by recent example since it was proposed and accepted as a model for thinking about markets

Consider: https://mises.org/wire/public-goods-viewed-through-entrepreneurship

Of course I'm biased, but education has always seemed the best way to multiply opportunity.  Money spent building quality learning resources that save time and money for dozens of teams vs. teams spending time and money to compete for a small pool of more money to buy more time.