Lance A. Brown <[EMAIL PROTECTED]>
> John Williams wrote: > > there will be decisions made by people, and people do make mistakes. > You are assuming everyone is a rational actor. By no means is everyone a rational actor. People make mistakes, act emotionally instead of rationally, and generally tend to screw things up. Politicians especially. > You argue that diverse decentralized systems work better because > mistakes are uncorrelated and failures are localized. This is too strong, sorry if I overstated. Mistakes are less correlated and failures are more localized, relative to government control which tends to create strong, long-range correlations. > Instead, we are faced with actors who will collude with each other to > manipulate markets, subvert systems, and for the short term gain without > regard to long-term consequences. Definitely. Such actors exist in government, as well. In fact, they dominate government. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l