Liquidity as Justice

An individual's power derives from the resources they can mobilize, while privilege and centralization stem from the monopolization of these resources. Monopolies exacerbate social injustice and lead to a rigid, vitality-drained participation. However, resorting to non-market forces to break these monopolies implies the necessity for a privilege above all privileges, a supreme centralization over the market, which is even less desirable.

To ensure market fairness while continuously preventing or breaking resource monopolies, a new market mechanism is needed—this is precisely the intent behind "Radical Markets." "Radical Markets" advocates for a more thorough marketization, allowing all resources to enter the market, making every significant (power-generating) resource I possess potentially purchasable. I must price these resources, paying higher maintenance taxes for higher valuations, while lower prices make them more likely to be bought by others. Thus, I can still monopolize certain resources, as long as I ensure their most effective utilization to cover the taxes incurred by their possession. Others, being less efficient in development, cannot sustain the higher taxes. However, should I stagnate in development and creativity, my monopolistic position could be challenged at any time.

In the AI era, "computational power" is such a resource that can confer power. On one hand, effective AI development requires the concentrated possession of substantial computational power; on the other hand, long-term monopolization of computational power could lead to market unfairness and a monotonous AI development. Thus, while allowing some to concentrate computational power, we must also encourage the effective liquidity and exchange of its ownership. "Radical Markets" presents a possible solution.

Before this, in crypto communities also reliant on "computational power," we can experiment with this type of market order through blockchain gaming. The "full circulation" of game resources is a fundamental characteristic of blockchain games, providing an ideal environment for exploring and experimenting with just market models in the AI era.