In this post I argue that a markets are very similar to AI. I then ponder whether AI poses an existential threat to humanity in light of the fact that we already have superintelligence.
Claim 1: Markets are superintelligent
I define a market to be a collection of humans and corporations who act in their own interest and trade goods, services, and assets.
I define superintelligent to mean "more intelligent than". In this case I argue that markets are more intelligent than unorganized humans.
The metric by which I measure intelligence is the ability to produce goods and services. Clearly markets are better than unorganized humans at producing goods and services. That is to say, if... (read 211 more words →)
This post is interesting but it does not mention markets, and I argue that markets are intelligent. Not merely a team, or a company, or a civilization. I'm specifically talking about a collection of entities who transact with each other and behave in their own self interest. A market is an organizational technology that allows greater intelligence than could otherwise be achieved.