Executive Summary
Trading Marginal Value, Sovereignty, and Automatons
By Tae-Sik • Published June 23, 2023
This essay explores sovereignty, trade, and value creation. Unlike animals, humans trade for marginal value and plan for the future. True automatons (sovereign, self-interested AIs) could create value autonomously. Currently, owning passive stock shares is the closest modern proxy, allowing capital to capture corporate value without active management.