this post was submitted on 05 Dec 2023
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Economics
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I'd hate to think modern society is based on a giant elaboration of poker, but I can't rule it out - it MIGHT not be the worst outcome, but a pseudo-equilibrium far from the best. Every young person knows something accessible in the past is now lost to them - not sure what it is, but there is a hole. And yet, the social track laid out is almost unavoidable.
I traveled a good bit the past 20 years and I've experienced first-hand the really hard work and the immense gratification of simple farming. Nobody wants to live like that (at least so they think). Having done it, I can't even say I recommend it over what modern society seems to offer. But since the best option on offer is not a true equilibrium, as the climate is making abundantly clear, what is on offer may be illusory. An alternative equilibrium - tried and true - is worth considering when opportunity arises: subsistence farming. It is NOT simple or easy - don't wait until there is no other option.
Yes that's the value of game theory. It's not really about the silly games. It's a way to understand real life, using silly games as examples. It helps us think of ways to understand our problems and to change the world, that we would not have thought of otherwise.