postnihilism
Joined 15 years ago
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Member since
Jan 11
Joined 15 years ago
> "Living learning organisms have limited resources (energy and time), and they cut the search space drastically through shortcuts and heuristics and hardcoded biases instead of doing some kind of brute force optimization."
But those heuristics and hardcoded biases were developed through brute force optimization over the course of billions of years, a massive amount of energy input and many organisms being devoured.
It's objectionable because it introduces yet another mechanism for dramatically increasing inequality and economic stratification while also making capital markets more corrupt and less efficient, which undermines core aspects of our economic system.
It seems like you're arguing that shareholders should reap rewards for actions that a company takes but be shielded from negative financial repercussions that result from criminal actions it takes.
This creates a moral hazard similar to to the "too big to fail" situation of banks. It incentivizes risky and potentially criminal behavior because ownership is able to capture the value of any upside and is shielded from the downsides of the behavior.