The "hidden layers" problem seems to go beyond the traditional analysis of externalities. The more complex and interconnected technology gets, the more difficult it becomes for market actors to make decisions based on what's happening in those layers.
In other words, the traditional "supply and demand" analysis falls apart completely, because people don't even know anymore -- cannot know, due to escalating complexity -- what is being done to them.
Erik Moeller /
npub166…m7wr3
2023-11-18 20:28:18
in reply to nevent1q…qghq
Author Public Key
npub16697q673apk05pjejpge96d8td2eu09efluusv44fkt6a8efs46srm7wr3Published at
2023-11-18 20:28:18Event JSON
{
"id": "c8e505c22d63eecde21b5d650a3a7f4b44363a5cf16e6c5dc17ca794d2808aab",
"pubkey": "d68be06bd1e86cfa0659905192e9a75b559e3cb94ff9c832b54d97ae9f298575",
"created_at": 1700339298,
"kind": 1,
"tags": [
[
"e",
"2fb27c9ff234c33bb170a8252c60c3fba1fd6af93c54fbc8ba1fc66decc088bd",
"wss://relay.mostr.pub",
"reply"
],
[
"proxy",
"https://social.coop/users/eloquence/statuses/111433436237951498",
"activitypub"
]
],
"content": "The \"hidden layers\" problem seems to go beyond the traditional analysis of externalities. The more complex and interconnected technology gets, the more difficult it becomes for market actors to make decisions based on what's happening in those layers.\n\nIn other words, the traditional \"supply and demand\" analysis falls apart completely, because people don't even know anymore -- cannot know, due to escalating complexity -- what is being done to them.",
"sig": "c64e781ab5973dec43495a474226e90af7a21cfb68246ffb17c337d1aeae38bc0efe3dae0562a883468cb5c456e8fa4e9eeaf5f1ac2449122d8e6e6e46d2833f"
}