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EP7 Daniel Schmachtenberger and the Evolution of Technology

The Jim Rutt Show

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The Evolution of Markets

Without regulation, markets are going to have multipolar traps that they cannot resolve. These are scenarios where somebody can do something bad for the whole over the long term, but very good for them over the near term. And so then everyone else has to compete to do the same thing or they will just lose by default in the short term. So basically the society is all emergent properties of the bottom up interactions. That's one kind of thing. And we can really think of it as having certain characteristics of just the bottom up math of it.

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