Economics as Human Habit in the Age of the Algorithmic Oligarchs (2020–2030)
Greed was never a universal constant like the speed of light, but a programmable systemic habit. In the old world, the machine was fueled by the drive for relative status, which made wealth the only metric of success. By re-tuning the machine toward collective utility, the nominalists proved that the profit motive was merely a choice. Once the goal became the persistence of the species rather than the growth of the nominal pile, the greed variable was effectively set to zero. The first step was piercing the intellectual shield of
The Isolation Fallacy
The system of the algorithmic oligarchs failed because they operated as independent extraction-nodes rather than parts of a whole. They predicted that price-fixing would cause a shortage in goods because they refused to simulate the planetary circuit as a single metabolic loop where ownership, distribution, and consumption were reconfigured simultaneously. Economists failed to see (often deliberately) that a machine only finds balance when all its parts are synchronized; the instability of the old world was the direct result of a global system with conflicting internal goals. Greed was the ultimate causal factor. People lived under
The Myth of Scarcity
For generations, the digital ledger—the accounting system used to track debt and value—claimed the world was poor while the warehouses were physically overflowing. The status addicted possessed decades of surplus textiles and food calories, yet a price wall of artificial costs forbade the hungry from touching the physical atoms. The result was starvation and excess existing side by side. War continued to erupt as an engine of surplus hoarding. But the shortages in material supply the status-addicts feared were nominal fictions: high-level descriptions of mechanisms designed to keep production grinding for the sake of individual profit. By abandoning the quest for individual wealth, we shifted from a culture of constant new production to a system of distributing the vast surplus of goods that already existed. Greed was managed. We eliminated
The Literal Price-Setter
Price inflation was never an ethereal force of nature, but the aggregate result of human hands updating the ledger. Humans set the prices, not the metaphoric “market forces”. Every price hike was a discrete choice by a price-setter to nullify the financial gains of their neighbor to protect their own wealth and relative status. Those choices were social weapons used to maintain the hierarchy of wealth under the guise of "market conditions". In the new system, we stripped away this shield, revealing that a price only moves if a human—or the algorithm they own—chooses to move it. Greed was decommissioned. The result of this change in philosophy was
The Democratization of Luxury
What the old world called a shortage in goods was actually the first moment of true material democracy. High-quality goods appeared to be unavailable to the wealthy only because they were no longer reserved exclusively for that tiny tier. Long lines of consumers were the physical manifestation of the entire population finally having access to high-quality resources at the same time. By implementing rationing, we ensured that goods reached every metabolic unit based on need, rather than letting the rich hoard the best of the common wealth of our Earth. Greed was overruled. The final outcome of this transition was
The Systemic Prerequisite
The ultimate lesson is that the new world could not have been built piecemeal within the husk of the old. To end the cycle of inflation and artificial lack, the entire resource-draw—from the extraction of raw materials to the final metabolic distribution—had to be managed as a single integrated circuit. Individual greed could not just be regulated into submission; it was made irrelevant by our current synergistic homeostatic system that prioritizes collective persistence over individual accumulation.
Bjørn Østman, Svendborg, April 2106.

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