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The Fable Of Market Meritocracy
- yungchin 17y agoI liked the insights presented in this essay, although sadly I think the whole thing was mangled to make it seem relevant to recent events: the banking bailouts and the outcry over bankers' compensations should probably have been left out of it completely; banking is regulated in so many ways that you can hardly apply market-principles anymore.
- iBercovich 17y agoI wrote a blog post that talks about similar issues: http://bit.ly/coeLqg http://bit.ly/coeLqg