This is looking like a continuation of our conversation about whether America is the spiritual home of free-market capitalism where I cited the coffee shops of London as evidence that we Brits got their first! (Just like we invented the internet.)Pattern-chaser wrote:So doesn't this lead us toward the conclusion that the problem here is not algorithms, but Capitalism? American, Free-Market, Continuous-Growth, Capitalism. It seems to be the search for profit that is leading people 'astray', no?
No, I'd say that capitalism, and the profit motive, isn't the root cause any more than algorithms are. I don't share the view that you seem to have about free-markets. I think free-markets are a useful tool, but they're not a panacea. They need to be regulated and they're not the solution to all problems, but I wouldn't want to throw the baby out with the bathwater.