Society without externalized incentives is the ideal society?develop
6-3b3d Externalized incentives (negative externalities) go away when everything is externalized
I.e., no skin in the game (4-1a4b3e Meaningful narratives ＞ Meaningless speculation)
- Simple capitalism = Simple scarcity
- Legacy companies ‘pre-mine’ their shares. Otherwise effort won’t result in results because the dollar sensitivity is way lower than your equity.develop
私的財産develop