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Litmus test: If you can't describe Ricardo's Law of Comparative Advantage and explain why people find it counterintuitive, you don't know enough about economics to direct any criticism or praise at 'capitalism' because you don't know what other people are referring to when they use that word.
Eliezer Yudkowsky -
Maybe you just can't protect people from certain specialized types of folly with any sane amount of regulation, and the correct response is to give up on the high social costs of inadequately protecting people from themselves under certain circumstances.
Eliezer Yudkowsky
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By and large, the answer to the question 'How do large institutions survive?' is 'They don't!' The vast majority of large modern-day institutions - some of them extremely vital to the functioning of our complex civilization - simply fail to exist in the first place.
Eliezer Yudkowsky -
If you want to build a recursively self-improving AI, have it go through a billion sequential self-modifications, become vastly smarter than you, and not die, you've got to work to a pretty precise standard.
Eliezer Yudkowsky -
Lonely dissent doesn't feel like going to school dressed in black. It feels like going to school wearing a clown suit.
Eliezer Yudkowsky