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523 points mhga | 1 comments | | HN request time: 1.207s | source
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hliyan ◴[] No.44496589[source]
I'm starting to realize, very belatedly in life, that we suffer from an end-of-history illusion in politics and political economy. I used to think we live in a golden age because a hundred years ago, democracy broadly replaced monarchies, market economies replaced feudalism and other coercive systems, and with it went many of the old, indirect mechanisms of subjugating large populations (e.g. moral imperatives through the Church, legitimization of rule through concepts such as the divine right of kings, control of education etc).

But it seems we've only replaced those mechanisms with more refined versions (manufacturing consent through mass media, surveillance and indirect indentured servitude through student debt, rent and health insurance).

We probably have another century of socioeconomic and political evolution to go before we reach a decent end state.

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dluan ◴[] No.44496623[source]
It's math. You can model what happens in n-player repeated games of incomplete information, and you'll realize we're far from any stable point. And it's not even that hard to understand that the narrative of "end of history" benefits the people who get to say that and uphold that narrative.
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1. hliyan ◴[] No.44497794[source]
Concur, but from a control systems point of view. Any system that does not define upper/lower limits and does not address feedback loops, are prone to oscillations, and if the size of the system grows over time, the oscillations can become progressively more violent.

Our socioeconomic/political systems currently do not define any hard upper or lower limits on its primary driver (economic power) and does not address feedback loops (e.g. more capital availability -> larger scale -> more economies of scale -> more market share -> more capital -> more scale).