Ykvcgj hikkbj ioknv.
Each according their own interests (first).
“Cooperation, collaboration and coordination are together more powerful than competition.”
Hendrith Vanlon Smith Jr
Usury is competition. Carrot and stick. A rivalry together.
AI Created: Artificial Intelligence talking about Usury.
Me: Will usury lead to: “coordination failure”?
ChatGPT (jan23):
Usury, which is the practice of lending money at exorbitant or illegal rates of interest, can lead to coordination failure in several ways.
First, usury can lead to a cycle of debt and poverty, which can make it difficult for individuals and families to afford basic necessities such as food, clothing, and healthcare. This can make it difficult for people to coordinate their efforts to meet their basic needs, which can lead to a breakdown of social cohesion and a lack of trust in institutions and the government.
Second, usury can lead to a concentration of wealth and power in the hands of a few individuals or organizations, which can make it difficult for communities to coordinate their efforts to shape their own destinies. This can lead to a lack of trust and cooperation among community members, as well as a lack of participation in local decision-making processes.
Third, usury can lead to a lack of access to credit for small businesses and entrepreneurs, which can make it difficult for them to coordinate their efforts to grow and develop their businesses. This can lead to a lack of job opportunities and economic growth in local communities, which can further undermine social cohesion and trust in institutions.
In order to avoid coordination failure, it’s important to support fair and sustainable lending practices and to ensure that credit is accessible to all, especially to small businesses and entrepreneurs. Also, It’s important to support policies and programs that promote economic growth and job creation in local communities, and that help to build social cohesion and trust in institutions.
Buy the AI a drink (in holofuel)
Extra:
1. Collective action problem
2. Social dilemma
3. Prisoner’s dilemma
4. Tragedy of the commons
5. Free rider problem
6. Principal-agent problem
7. Public goods dilemma
8. Coordination game
9. Asymmetric information
10. Network externalities
Wikipedia:
- https://en.m.wikipedia.org/wiki/Coordination_failure_(economics)
- https://en.m.wikipedia.org/wiki/Failure
- https://en.m.wikipedia.org/wiki/Catastrophic_failure
- https://en.m.wikipedia.org/wiki/Structural_integrity_and_failure
Affiliate:
Books:
- “The Tragedy of the Commons” by Garrett Hardin
- “The Evolution of Cooperation” by Robert Axelrod
- “Collective Action and the Civil Rights Movement” by Dennis Chong
- “The Free Rider Problem: A Solution” by Gary Becker
Documentaries:
- “The True Cost” (2015) directed by Andrew Morgan
- “Inequality for All” (2013) directed by Jacob Kornbluth
- “Inside Job” (2010) directed by Charles Ferguson
- “Enron: The Smartest Guys in the Room” (2005) directed by Alex Gibney
Movies:
- “The Big Short” (2015) directed by Adam McKay
- “Wall Street” (1987) directed by Oliver Stone
- “Margin Call” (2011) directed by J.C. Chandor
- “The Wolf of Wall Street” (2013) directed by Martin Scorsese
Series:
- “The Wire” (2002-2008) created by David Simon
- “Billions” (2016- ) created by Brian Koppelman, David Levien, and Andrew Ross Sorkin
- “Mad Men” (2007-2015) created by Matthew Weiner
- “Succession” (2018- ) created by Jesse Armstrong
Songs:
- “Money” by Pink Floyd
- “99 Problems” by Jay-Z
- “The Times They Are A-Changin’” by Bob Dylan
- “Money, Cash, Hoes” by DMX
Artworks:
- “American Gothic” by Grant Wood
- “Campbell’s Soup Cans” by Andy Warhol
- “Balloon Dog” by Jeff Koons
- “Fountain” by Marcel Duchamp
Podcasts:
- “Freakonomics Radio” hosted by Stephen J. Dubner
- “Planet Money” produced by NPR
- “The Indicator from Planet Money” produced by NPR
- “The Weeds” produced by Vox
Purpose: to see what’s in common
Would you agree…
#Usury #UsuryC #UC048 #UC049 #UC050
Usury 
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