alt Hacker NewsMarket reward is the best proxy for good we have.
What's your alternative? Executive fiat? Mob rule?
Deepmind is objectively good. These endeavors would always cost money. Better private capital than state, no one has to give Google anything. The state is not so generous.
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> Market reward is the best proxy for good we have.
Only if the goal is profit. All else be damned.
> What's your alternative? Executive fiat? Mob rule?
It is always bewildering to me that people see the world being raped by corporations and their negative externality, and they think that this is the pinnacle that humanity can achieve.
Nothing else can be better, if all your options are "mob rule" or "executive fiat".
I fancy myself a misanthrope, but damn, next to people in this forum I am probably the last humanist walking through the ruins of civilization.
> Deepmind is objectively good.
Google is objectively bad, and the world would be a much nicer place if they ceased to exist.
Executive fiat, given the right executive body, and undergirded by healthy autarkies or other cell-type self-direction, worked well in most locales for most of the years humans have been humans. Certain flashy civilizations, Sumer, Greece, have tended to draw the spotlight incommensurately with their population sizes. But even these functioned much more like what I describe above than anything modern.
Mob rule, aka Democracy.