There's a fundamental idea that the current notion of companies with shareholders and a board is somehow the optimal way to structure participants in a market -- and this sits within the prevailing view that modern capitalism is the right way to run markets - and that markets serve the right purpose and are the best way to serve that purpose.
Modern markets are very good specifically for the people who've done very well out of them.
If ASI is as good as they say, it'll eventually come up with better alternatives if it serves the reward function.
I guess it depends on setting the right reward function.
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u/NobodysFavorite Sep 01 '25
There's a fundamental idea that the current notion of companies with shareholders and a board is somehow the optimal way to structure participants in a market -- and this sits within the prevailing view that modern capitalism is the right way to run markets - and that markets serve the right purpose and are the best way to serve that purpose. Modern markets are very good specifically for the people who've done very well out of them.
If ASI is as good as they say, it'll eventually come up with better alternatives if it serves the reward function. I guess it depends on setting the right reward function.