Accelerando

While he’s having breakfast in the hotel restaurant, Manfred decides that he’s going to do something unusual for a change: He’s going to make himself temporarily rich. This is a change because Manfred’s normal profession is making other people rich. Manfred doesn’t believe in scarcity or zero-sum games or competition – his world is too fast and information dense to accommodate primate hierarchy games. (Location 704)

‘Indeed not. But it’s true: Since the 1980s, it has been possible – in principle – to resolve resource allocation problems algorithmically, by computer, instead of needing a market. Markets are wasteful: They allow competition, much of which is thrown on the scrap heap. So why do they persist?’ Manfred shrugs. ‘You tell me. Conservativism?’ Gianni closes the book and puts it back on the shelf. ‘Markets afford their participants the illusion of free will, my friend. You will find that human beings do not like being forced into doing something, even if it is in their best interests. Of necessity, a command economy must be coercive – it does, after all, command.’ (Location 1073)