I didn’t realise you wrote the article. I just wanted to quickly express how articulate and well written it is. And I completely agree with your points on the free market, government intervention and how unsustainable our current system is.
Though my view with algocracy is more to do with the types of individuals that are running the show. The wealthy, powerful and influential. The types that will stop at nothing to get what they want.
I feel that these people will always find opportunities to bend and manipulate systems in their favour. If it threatened their status, they’d destroy it. If they were somehow pushed into a corner they’d find ways to manipulate it.
It may be pessimistic but I really believe that in a dog eat dog world, there is no such thing as a system that is truly fair. You say an algorithmic system solves that. But I believe we’ll never reach it… Not in a way where these people would lose their influence. They would never allow it.