this post was submitted on 24 Jun 2024
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Communism
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It is not game theoretically aligned. It's not his fault, Game Theory didn't really get going until after his death
Yes, Matpat will save Marxism.
No, seriously, what problems does Marxism have, and how does Game Theory "solve" them or point them out?
There are different kinds of work which needs to be done for our society to function. These tasks have costs for those who perform them (lost time, spent energy, danger, boredom, etc).
In pure communism, everyone works hard and everyone is given the spoils of the work we collectively provide. But it is rational for any individual to not work as hard, because he will bear less of the cost of that work, but still realize the same gain
Therefore most people tend to shirk their duties, and the output of the entire collective drops. In order to maintain the system, the threat of violence is introduced, and we quickly get to Stalinist purges
They wouldn't realise the same gain.
More valuable work is better paid. Skilled management is likely to get better pay than menial work. Dangerous jobs get better pay than safer jobs.
You are not allowed to become rich by exploiting others, though.