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MagnetoHydroDynamics comments on Traditional Capitalist Values - Less Wrong

38 Post author: Eliezer_Yudkowsky 17 October 2008 01:07AM

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Comment author: [deleted] 16 June 2012 02:54:40PM 0 points [-]

These base points of capitalism I agree with, but alas there are a thousand fallacies out there which corrupt some of them. Notably in historic time: every economic bubble bursting into crisis since ever. This is not fault of capitalism, this is a fault of human civilization being a rather poor medium to implement capitalism in.

So, given the global crisis and every crisis before it such as the Tulip bubble in the first half of the 1600's, is it a simple solution is to implement some additional rules in the vein of meta-consequentialism?