Dank n Edgy

The dorkest, edgist forums known to puny hoomans

You are not logged in.

Announcement

Welcome to DnE, the online psych facility. (Run by the inmates, for the inmates.)

#51 2016-04-13 00:08:59

Deus Vult
Evlutionary Virtue Ethics
From: The Equinox
Registered: 2016-04-12
Posts: 22

Re: Why the post-scarcity progressive automated utopia will fail

V.R. wrote:

Much of the reason for this decay is the fiscal-monetary-industrial policy apparatus of the state subsidizing and regulating an economic order based on advantages to large vertically integrated joint-stock companies with expansive logistics.

There's no reason why a more distributive producerism can't exist now that unit and factor costs have lowered drastically with IT and CNC.

(The fact that most of the so-called "free trade agreements" are little more than Prussian-style customs unions doesn't help.)

It probably would actually be worse with information technology because information technology has high network externalities and thus is prone to becoming natural monopolies. CNC still has high fixed costs but is more easily competitive


One must pay dearly for immortality; one has to die several times while one is still alive.

Offline

#52 2016-04-13 00:15:14

V.R.
receive {_, _} -> void.
Registered: 2013-04-02
Posts: 5,352

Re: Why the post-scarcity progressive automated utopia will fail

Metcalfe's law is irrelevant here. We're talking about artisanal endeavors. Even in the centralized WWW, many countries have their own local web culture that they use in conjunction with the mainstream. But there's no reason for the WWW to be exclusively used.

"Natural" monopoly, hah. Just like "natural" rights, I presume. Every scale economy has it the seeds of its own scale diseconomy unless supported by a fiscal-monetary-industrial-regulatory complex. Without that, all is contestable.

(Moreover, most of us are fully content with living under monopolies on violence, and Americans also have no problem having the post office be a constitutionally granted monopoly, nor do Scandinavians mind alcohol monopolies... monopoly carries no ethical implication in itself.)


"Humanity Is Overrated" - Shrek

Offline

#53 2016-04-13 02:54:29

Deus Vult
Evlutionary Virtue Ethics
From: The Equinox
Registered: 2016-04-12
Posts: 22

Re: Why the post-scarcity progressive automated utopia will fail

V.R. wrote:

Metcalfe's law is irrelevant here. We're talking about artisanal endeavors. Even in the centralized WWW, many countries have their own local web culture that they use in conjunction with the mainstream. But there's no reason for the WWW to be exclusively used.

"Natural" monopoly, hah. Just like "natural" rights, I presume. Every scale economy has it the seeds of its own scale diseconomy unless supported by a fiscal-monetary-industrial-regulatory complex. Without that, all is contestable.

(Moreover, most of us are fully content with living under monopolies on violence, and Americans also have no problem having the post office be a constitutionally granted monopoly, nor do Scandinavians mind alcohol monopolies... monopoly carries no ethical implication in itself.)

A natural monopoly is simply a technology that has increasing returns to scale up to a level that is beyond the vast majority of the market. That means that it is able to supply the market at a lower cost than a larger number of firms. Likely all natural monopolies do see the factors that will increase their cost come up early on but the main point is that those aspects still are not sufficient to make the monopoly have higher costs than a firm in a more competitive market, it will just affect the derivative of the marginal cost function.

What is this  fiscal-monetary-industrial-regulatory complex that you are talking about?


One must pay dearly for immortality; one has to die several times while one is still alive.

Offline

#54 2016-04-13 03:25:32

V.R.
receive {_, _} -> void.
Registered: 2013-04-02
Posts: 5,352

Re: Why the post-scarcity progressive automated utopia will fail

I take it you haven't read (Demsetz 1968). But there's a further problem still that most firms don't obey marginal cost pricing, but instead mostly function on cost-plus and markups. You can't use marginalism in terms of firm structure, because that's just as much organization theory as it is economics.

Either way, "natural" monopolies remain in the same ballpark as Giffen goods: analytical constructs of neoclassical theory that though logical possibilities, are not empirical phenomena.


"Humanity Is Overrated" - Shrek

Offline

#55 2016-04-13 07:40:18

TheWake
Illuminatus Sacerdos
From: Yankee-Occupied South
Registered: 2012-06-09
Posts: 8,272

Re: Why the post-scarcity progressive automated utopia will fail

muh debeers


The Grasshopper Lies Heavy

WsEkePS.png

Offline

Board footer

Powered by FluxBB