Owned by a King of Fishermen

Saturday, February 14th, 2009

Mencius Moldbug describes the fundamental engineering flaw in what he calls the modern structure of government:

This bug is so easy to see that even the New York Times can see it. Of course, our columnist is addressing the governance of fish, not hominids, but note that nothing in his logic depends on scales, gills, or fins:
Since the mid-’50s, economists who study fisheries have basically understood the fate that has befallen these waters. They call it the tragedy of the commons.

If a fish population is controlled by a single, perfectly rational agent — an idealized entity economists refer to as “the sole owner” — he or she will manage it to maximize its total value over time. For almost every population, that means leaving a lot of fish in the water, where they can continue to make young fish. The sole owner, then, will cautiously withdraw the biological equivalent of interest, without reducing the capital — the healthy population that remains in the sea.

But if the fish population is available to many independent parties, competition becomes a driving concern. If I don’t extract as much as I can today, there’s no guarantee you won’t take everything tomorrow. Sure, in a perfect world, you and I would trust each other, exercise restraint, and in the long run, grow wealthier for it, but I’d better just play it safe and get those fish before you do. The race for fish ensues, and soon, the tragedy of the commons has struck.

Ie: if you are a fish, you want all fish to be owned by a King of Fishermen. So long as our fisher king is rational, this “single owner” will govern his fisheries with a strong and kindly hand, maximizing returns over an infinite time horizon, bringing peace, freedom and prosperity to cod, pollock, and sea-bass alike.

But if we fracture this coherent authority into two competing authorities, each can gain by stealing fish from the other. The more authority is fractured, the more predatory it becomes. Thus, the infallible recipe for a sadistic and predatory state: internal competition for power. (Hominids, unlike fish, respond well to fences, so geographical fragmentation is not inconsistent with coherent authority —  the ocean partitioned, as it were, into artificial lakes.)

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