Re:Is growth in the financial sector good for the economy?
by saiya-jin on Monday July 20, 2015 @08:48AM
(#9915606)
as a person who lived in yet another centrally planned country, let me tell you this, plain simply - it doesn't work. soviets failed, but so every other nation that went that way. let's call it slow but steady financial rotting that will bring any country down, given enough time. there are plenty of reasons for that, they are always the same, but for me one is most important - they all work with ideal person who wants to help the system, instead of disconnected greedy selfish individuals, that real society consist of.
this is of course valid for humans, who have all kinds of flaws, some more than others. so you propose to give power to software, who by principle always has... flaws. imagine how juicy this thing would be for hackers, who would have billions-big incentives from shady business people to nudge decisions in their favors... silly naive people :)
What I would suggest - let some state of the art simulation run along the humans, and evaluate its decisions after some time passes, to clearly see who made the right one, in long term. after there is some long term perception that computer is clear winner (definitely not below 10-20 year mark of steady performance), we can move that way. and always, always have some sort of semi-neutral commitee to oversee and accept/reject all important stuff (with necessary reasoning, not on whims of current most powerful one). make it as transparent as possible. -- do you think this is real? no way, when looking at how shady today's politics are done, be it US, europe or any other place...
this is of course valid for humans, who have all kinds of flaws, some more than others. so you propose to give power to software, who by principle always has... flaws. imagine how juicy this thing would be for hackers, who would have billions-big incentives from shady business people to nudge decisions in their favors... silly naive people :)
What I would suggest - let some state of the art simulation run along the humans, and evaluate its decisions after some time passes, to clearly see who made the right one, in long term. after there is some long term perception that computer is clear winner (definitely not below 10-20 year mark of steady performance), we can move that way. and always, always have some sort of semi-neutral commitee to oversee and accept/reject all important stuff (with necessary reasoning, not on whims of current most powerful one). make it as transparent as possible. -- do you think this is real? no way, when looking at how shady today's politics are done, be it US, europe or any other place...