I certainly want the politicians to have less power, not more. Steemit, by providing a free and decentralized forum, will I think do more good than harm, maybe even a great deal of good.
Individuals do routinely pay to publish and advertise, which does effectively promote ideas and products. As far as I'm concerned that is as it should be.
I'm with Hayek in disliking the term 'society'.
You can dislike the Steemit system as much as you please. I only wonder why you bother to participate if you find it so undesirable. Why not start a service selling space for publications an ads?
I really don't see how Steem is more likely to do good than any other similar website.
Why did Hayek dislike the term 'society'? Which term did he prefer?
Well... I'm just disgruntled with Steem because I got tricked... The Economics Of Steemit. I was hoping that it was fundamentally different from all the other places where I write stuff... but it really isn't. It's just another popularity contest. You have to dig and dig and dig to find valuable content.
Your story wasn't bad... but you're definitely not striking at the root of the problem. Which is a shame because you seem bright enough. The root of the problem is that people don't understand the importance of accurate value signals. Mark Perry recently posted a decent article about the importance of accurate value signals. Just now I posted a blog entry trying to persuade a respected journalist about the importance of accurate value signals.
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