Socialists, at least of the libertarian sort, tend to oppose both unaccountable/centralized political and economic power.
Any unregulated and unconstrained reputation system tends to lead to Zipf-type distributions. What that means for an economy is extreme power at the high end and lots of poverty at the low end.
Thus either there would be no control at all of the economy, or that control would go to the whales by virtue of their very gravity.
The former would be bad, because the system would effectively be blind to many things that political power handles (e.g. externality). And the latter would be worse, because there's no reason to believe that these powerful entities would care about the powerless.
Any unregulated and unconstrained reputation system tends to lead to Zipf-type distributions. What that means for an economy is extreme power at the high end and lots of poverty at the low end.
Thus either there would be no control at all of the economy, or that control would go to the whales by virtue of their very gravity.
The former would be bad, because the system would effectively be blind to many things that political power handles (e.g. externality). And the latter would be worse, because there's no reason to believe that these powerful entities would care about the powerless.