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Markets and Communities
Zooming out: great communities, in the traditional sense, required limited options so people would remain dependent: no specialists or external trade (to ensure we all collectively worked together), and no diversity or weird ideas (to ensure a homogenous group with a focus on tradition). We had far worse medical treatment, underwent excruciating... See more
Erik Torenberg • Markets and Communities
Tyler Cowen’s book Create Your Own Economy observes that, as individualized social feeds have dwarfed newspapers and personalized Netflix recommendations dwarfed movie theaters, we have less of a shared substrate — less collective knowledge we all learn, less collective experiences we all share, and less collective identities we all embrace.
Erik Torenberg • Markets and Communities
The Third Pillar argues this is a huge loss, and that communities are the “third pillar” needed alongside markets and the state for society to function.
Erik Torenberg • Markets and Communities
This is because our reliance on one another has become increasingly abstract — the producer never meets the consumer, and so the dependencies between us aren’t as legible.
Erik Torenberg • Markets and Communities
In primitive societies, people were entirely self-sufficient. They gathered their own food, made their own clothing, and found their own shelter. Today no one's self sufficient; we're all specialized and depend on many other people worldwide in a nonzero-sum way. Everything you consume you could never produce on your own — your daily life depends... See more