Can The Golden Rule be applied to economics in the same way as John Nash, Jr.'s, "Nash's Equilibrium?" (or, the law of chemical equilibrium -- Le Chatelier's Principle)
"The best responses of all players are in accordance with each other."
-- John Nash, Jr.
If a dynamic equilibrium is disturbed by changing the conditions, the position of equilibrium moves to counteract the change.
-- A statement of Le Chatelier's Principle
That's is to say;
Nash Equilibrium = responses of all players are in accordance with each other
Q: What happens when responses of all players are not in accordance with each other?
A: Justification
SOCIAL JUSTIFICATION
notes:
This thesis forecasts the elimination of the United States' advantage in "standard of living."
[such as, U.S. (Europe / 1st World) --> 2nd World Status <-- 3rd World Countries]
Q: What will happens when U.S. citizens wake-up to the facts of social justification?
A: Panic!
The theory was first developed in 1999 and published in 2003. At that time, we predicted the "awakening" to be similar to startling a sleeping giant. Is the presidential election of 2016 the awakening? No. In fact, they made a joke of woke. How about the global pandemic of 2020? No. Self-interests killed our hope. What about the 2022 invasion of Ukraine and the energy crisis that ensued? No. Though 2021 was the worst year in history for greenhouse gas emissions, the population increased coal, oil, and gas production.
ALSO SEE: Tragedy of the Tuna
eventually resources open to everyone will "be destroyed because anyone can use the resource, but no one is responsible for preserving it"