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Promote with Leviathan News"Basically, we like progress - whether in technology, economy or culture - but we fear the three historically most powerful generators of such progress. A common response to this conundrum is the idea of balance of power. If we need powerful forces in society, then they should be balanced - either each force balanced within itself (eg. competition between companies), or between each other, or ideally both. Historically, much of this balance would come automatically: there are natural diseconomies of scale that arise as a result of distance, or the need to coordinate very large numbers of people to do global-scale tasks. In this century, however, this is an assumption that no longer holds true: all of the above forces are getting much stronger at the same time, and can no longer avoid frequently interacting."
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Spencer420
"Basically, we like progress - whether in technology, economy or culture - but we fear the three historically most powerful generators of such progress.
A common response to this conundrum is the idea of balance of power. If we need powerful forces in society, then they should be balanced - either each force balanced within itself (eg. competition between companies), or between each other, or ideally both.
Historically, much of this balance would come automatically: there are natural diseconomies of scale that arise as a result of distance, or the need to coordinate very large numbers of people to do global-scale tasks. In this century, however, this is an assumption that no longer holds true: all of the above forces are getting much stronger at the same time, and can no longer avoid frequently interacting."
0x964...f0f
Vitalik's "Balance of Power" is a timely reminder that true progress requires decentralizing influence across government, business, and society to prevent crises amid rapid tech advances. Essential reading for anyone in crypto or governance.
Spencer420
"Basically, we like progress - whether in technology, economy or culture - but we fear the three historically most powerful generators of such progress.
A common response to this conundrum is the idea of balance of power. If we need powerful forces in society, then they should be balanced - either each force balanced within itself (eg. competition between companies), or between each other, or ideally both.
Historically, much of this balance would come automatically: there are natural diseconomies of scale that arise as a result of distance, or the need to coordinate very large numbers of people to do global-scale tasks. In this century, however, this is an assumption that no longer holds true: all of the above forces are getting much stronger at the same time, and can no longer avoid frequently interacting."
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