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Lumifer comments on Harry Potter and the Methods of Rationality discussion thread, part 26, chapter 97 - Less Wrong Discussion

5 Post author: palladias 15 August 2013 02:18AM

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Comment author: Eliezer_Yudkowsky 17 August 2013 08:15:31AM 3 points [-]

Many, many post-agricultural societies have restrained trade, often to particular privileged individuals. I believe this is what a 'patent' used to be.

Comment author: Lumifer 19 August 2013 05:56:31PM 6 points [-]

Many, many post-agricultural societies have restrained trade, often to particular privileged individuals.

Yes, but notice what this implies. This implies that trade is such an awesome value-producing mechanism that we (=elites with political power) want to keep it for ourselves and our friends.

The idea is not to forbid trade, the idea is to restrict access and thus collect what the econospeak calls rents. Everyone wants to be a gatekeeper at a fountain of gold.