30th May 2009
The inimitable Mencius Moldbug does it again.
The 21st-century American university is a pathologist’s dream.
Academia is a guild of talented and ambitious professionals who, by demonstrating their large and dextrous brains – not to mention their impeccable networking skills, and their infinite patience with the brown product of the cow – extract money, power, and/or status from USG. Need more be said?
Basically, the summary is this: prediction markets are a fine idea, whereas decision markets are… well… retarded.
I was going to use Dijkstra’s wonderful coinage, considered harmful, but on reflecting I feel that decision markets are too retarded to qualify as harmful. Communism is harmful. Maturity transformation is harmful. Futarchy is retarded.
Robin Hanson’s response is here.