foggyeyes69
foggyeyes69 on Hacker News
Many real life scenarios involving co-ordination / co-operative action between people can be “boiled down” to a game theory problem. The hard part is generating an estimate of the payoffs and probabilities of different outcomes, that are normally just supplied to you in most theoretical problems.
Who would own the private police force? Only shareholders have standing to sue for securities fraud. The scenario you are describing is more like users of a product suing the provider. Users of a product can’t sue for securities fraud but can sue for breach of warranty of tortious conduct like negligence.
We don’t need to privatize the police force to be able to sue them for the harm they cause. Police already get sued a lot for their misconduct in civil court [1]. Civil cases are easier to win because the burden of proof is lower. The citizens (analogous to the shareholders) have just been unable (or unwilling) to hold them accountable for the harm they’ve been causing.
[1] https://www.chicagoreporter.com/chicago-spent-more-than-113-...
I think OP was making a statement about how things are rather than how they should be.
I agree with you that this shouldn’t be the case, but right now it absolutely is the case in India.
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If they were holding on to supply, it would keep prices high (since the people that did want to buy houses right now would have to pay higher prices to make up for the lost revenue sellers would have gotten post IPO
They integrate with personal capital now, still waiting on Mint!
Perhaps a better way to frame the argument is that Gold is useful only because society has agreed that it is a store of value.
Things like cars and bananas are useful outside of being a medium of exchange. You can use a car to get around, and you can eat a banana if you are hungry.
Dollar bills and Gold are useful as long as society agree that you can exchange them for cars and bananas. When society stops agreeing that currency is worth anything (i.e. hyperinflation), money becomes worthless and people throw it away or burn it.
Typically, printing excess currency is what causes it to lose value. Gold avoids that because you cannot just "print" it - you have to physically mine it from the earth by exerting effort.
In addition to building more housing, there need to be a high tax on private cars entering and being parked in cities. The money from this tax should go towards funding public transport, which itself would benefit from the increased density.