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Wild Pacific's avatar

True with analysis, but no defense of the traditional approach from the science detailed.

Yes, current science is by large amount a market, with money being the blood. The costs of optimizing it, however attractive at first, may run into the same issues as other optimizations — revolutions, dictatorship or oligarchy in politics, ot cancel culture in social sphere.

I find Yarvis and many other modern re-thinkers to be not only naive, but often deeply wrong about promoting some very dogmatic systems. If only we could be ruled by benevolent kings, so to say. ☺️

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Wasay Saeed's avatar

This reminds me of an interview I read about a notorious short-seller and how he views his role in the free market. Within a bull market (everyone's optimistic), if everyone agrees to view optimistically, then everyone has the potential to win. Anyone who dares dissent, and predict failure, threatens the entire market. This short-seller (pessimist) said his role is a filter of the market. In unbounded optimism, scams thrive, resources are allocated inefficiently, productivity is scant. A little bit of dissent from the groupthink goes a long way to making a more robust market that (ideally) serves society's interests better.

Daniel Van Zant proposed an interesting idea about using incentive markets to allocate research funding as a mechanism to break through the groupthink.

https://www.danielvanzant.com/p/breakthrough-incentive-markets?r=owqo3&utm_campaign=post&utm_medium=web

I think this could be one way to weaken the cathedral's self-enforcing policy decisions.

Anyways, great read! Very enlightening.

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