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veen · 2018 days ago · link · · parent · post: Ergodicity - Bringing altruism and collaboration into economic theory
One only needs to look into history to find examples of this happening. It reminded me a lot of the creation of the Dutch water boards, which were originally created by groups of farmers in the 13th century realizing that if they built a large dike together instead of individual dikes, they could build stronger dikes for much less money per farmer. People band together if there's a clear long-term benefit - is that such a revolutionary insight?By pooling resources, those who do can be aided by others who don’t. Mathematically, it turns out that such pooling increases the grow rate of resources or wealth for all parties.