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FAWS comments on (One reason) why capitalism is much maligned - Less Wrong
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Could you rephrase that? I have no idea what you are saying here.
FAI is a device for producing good outcome. Humanity itself is such a device, to some extent. FAI as AI is an attempt to make that process more efficient, to understand the nature of good and design a process for producing more of it. If it's in practice impossible to develop such a device significantly more efficient than humanity, then we just let the future play out, guarding it against known failure modes, such as AGI with arbitrary goals.
Thank you, now I see how the short version says the same thing, even though it sounded like gibberish to me before. I think I agree.