r/basisproject

I have been studying social and economic networks for almost 2 decades and have known about valueflows, REA accounting and the basis project for a while but since 2022 I've been thinking about how AI (LLMs) and their semantic understanding and classifying abilities could be a game changer for Basis, and similar projects.

In the past week I have been getting convinced that AI agents and the separation of concerns as well as transparency that this brings is the way to realize a post capitalistic economy.

Is anyone working on this as well and would like to collaborate? I like working with people rather than alone.

Just found out about this amazing concept though one question I have is what would be the way to develop a economy ravaged by neocolonialism and Imperialism

Do we need some time of economy growth or can we have that under this system

Specifically if we were to produce good for exports to obviously get foreign currency could we do it under this system?

From :

What's needed is a more balanced approach to economics. There are very important aspects of capitalism (or, rather, markets in general) that are worth preserving, such as the ability to act as a distributed signal processing mechanism. However, this paper will show that distributed economic signal processing can be done without profit and without absentee ownership of property. It will also outline more effective methods of signal processing than simple prices (which erase massive amounts of useful economic data).

This is a very refreshing thing to see. There are too many claims that prices "incorporate all information" and that therefore fully-informed economic decisions can be made based only on price signals. There are also too many claims that "revealed preference" is the superior form of "signaling." Maybe it's because I'm autistic, but certainly explicit communication of preferences (and of prices and of any other information) leaves me better informed than one big poker table where everyone is playing the cards close to the vest and trying to bluff their way to successful outcomes.