Viliam comments on Open Thread - Aug 24 - Aug 30 - Less Wrong Discussion
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Sure. What are the alternatives? Letting the most power-hungry people fight against each other with the winner taking all? A competition who can get most followers by using clever memes that appeal to their cognitive biases? I hope you also see their drawbacks.
My conclusion: all these solutions are imperfect.
Okay. How much evidence for other economical systems do you have?