this post was submitted on 26 Oct 2023
1184 points (96.2% liked)

Technology

59235 readers
3132 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] franklin@lemmy.world 2 points 1 year ago* (last edited 1 year ago) (1 children)

Those sound like a great ideas, although I have to question the immense burden it would put on any governing authority, still seems better than the current system though.

As a counterpoint, stock markets (or any structured form of capital investment) require infinite growth, not only is this unsustainable, but it will always prioritize the profit motive over ethical concerns.

In addition, in a market where capital controls expansion, it will always benefit those with capital and by extension power to loosen those regulations.

To summarize, regulation will win you the battle but never the war.

These are just AI ramblings. But for the sake of the argument I don't think the stock market requires infinite growth per se. Shareholders could just as well be happy with the dividend payout. Say you gave your apple farmer 20 units of wood to build a fence and storage, and in return he gives you an X amount of apples per fiscal quarter.

But this is hypothetical and in the capitalist system we enjoy you are right of course.

Though I will say that we could definitely regulate more. I would always be more inclined to put my faith in a regulatory body than the powers of the free market.