Quote from: iamnotback on February 19, 2017, 04:35:58 PM

Spoetnik you are describing the fact that the lack of top-down order is a power vacuum due to Coasian costs. I agree, but I want you to read the thread from the following quote forward to the third quote, because Coasian costs become compatible with higher levels of entropy as mankind progresses (credit @CoinCube with that conceptual discovery) and we are leaving the Stage #4 Industrial Age:

Actually the conceptual discovery was mentioned by myself in 2010.

Quote from: CoinCube on December 02, 2013, 11:08:59 PM

Quote from: AnonyMint on December 01, 2013, 04:49:21 AM

You will probably need a week or two of studying the thread slowly.

I will be the first to admit I needed a week or two to fully absorb the following works of AnonyMint.

The Rise of Knowledge
Understand Everything Fundamentally

Together these are quite simply the most insightful piece of economic theory I have ever read.

If the author is right and I think he is we are all in the midst of a tragedy of epic proportions. It is sad unstoppable and will devastate the lives of much of humanity.

The seeds of those essays were written in 2010. Also here.

Elaboration continued into 2012.