Financialization Predicted to Expand into More Aspects of Life
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Hyper-financialization will lead to more markets and financial incentives used to coordinate all aspects of society. Crypto and AI will reduce the overhead costs of participating in niche markets.
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More prediction markets will form around specialized topics as AI agents provide liquidity and process information more efficiently than humans.
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Voting systems may be replaced by prediction markets and "Futarchy" where people bet on policies instead of directly voting on them.
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Granular financial markets can reveal more precise signals about people's niche skills and expertise compared to credentials like degrees and work history.
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Exponential growth of financial markets will allow more hedging assets to insure against improbable events, moving us closer to a "riskless society."