Freedom and the value of options for humans

The value of a human is the aggregate value of options held by her. Puts such as insurance and calls such as jobs, influence the overall value of the human portfolio. But this presumes that options are devoid of counterparty risks and timing constraints. Lack of freedom for the individual and society will impose constraints on the exercise of options held by humans. Thus, freedom is not just conceptually attractive but it is the basis of the value of humans.

Freedom is foundational to human societies for, without it, the value of humans will decline sharply. As they roamed out of Southeastern Africa with infinite horizons in front of them, freedom was important for humans. Those who object to capitalism on symptoms related to contemporary inefficient implementations should think more broadly about how value is created and disbursed. Humans create value by exercising options optimally and any constraint on this will reduce the value of the individual and society.

The autocrats, who span from the West to the East, substantially reduce the value of societies by imposing arbitrary constraints on individuals. Policies that reduce freedom are unambiguously value destroying but what the politicians do not have the capability to understand is that freedom is a multifactorial construct. A fickle greenhouse afforded to nearly 8 billion human specimens could be destroyed in a matter of decades, substantially extinguishing all option values held by humans. Progress made in over a century to assimilate populations, cultures, and colors could be arrested by ignorant leaders, substantially reducing freedom for humanity.

An advanced society will maximize the value of options held by its members - all of them. It is a portfolio maximization problem, something politicians are unlikely to appreciate. Stuck in a trough, humans may find it hard to climb out.

Bypassing the infrastructure

Recent news (1) that brain functions can be translated to speech outside the human infrastructure is interesting. More generally, it is likely that most human senses can be replicated with inputs from the brain. As humans live a lot longer than their design life, their infrastructure is likely to fail before their brain. If the brain is still able to function, most outputs could be replicated outside the ill-designed body.

Humans have been struggling to optimize a horizon that is increasingly predictable. Their infrastructure was likely selected for long distance running, something that has become less useful in the modern context. But their brains, likely overdesigned for survival, seem to be robust, perhaps able to go twice the design life of the hardware. Hence, connecting the instruction set from the brain to outside systems may become necessary for the species to survive.

Lack of understanding of the brain has kept the humans guessing. It is likely that a brain is a quantum machine and that is enigmatic in the status-quo. In the long run, pickled brains could store and process information in such a way that the network can be expanded exponentially. The failure of the infrastructure should not be considered final, as long as the brain is able to function, outside its enclosure.

We could create a new meaning to "plug and play." The brain appears to last a lot longer and conventional metrics of expiry may not be optimum. The human network could incorporate significantly more information than what contemporary societies allow. 


(1) https://www.scientificamerican.com/article/scientists-take-a-step-toward-decoding-speech-from-the-brain/