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In the Age of Computation, the calculators are gaining on the lawyers—at work and in politics.
The more a nation intervenes in the free market, the more in compliance costs and transfer payments that lawyers can expect to receive. As a result, lawyers don’t tend to be strong proponents of economic liberty or even of a stable rule of law. Their interest frequently lies in legal complexity and the uncertainty it brings.
The decline of lawyers may therefore prove a boon to the rule of law and to market norms. Computational innovators benefit from capitalism’s process of creative destruction; their new applications transform industry after industry. Their success lies with a stable rule of law and relatively light regulation.
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It looks like we’re about to go through a societal transformation as significant as the one brought on by the industrial revolution. The possibility that it will do more harm than good is very high, due to the motives of so many of the people orchestrating it.
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And, most usually, lawyers become our judges…
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