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This has always struck me as well: given so much inefficiency, waste and corruption, how do they still survive? On a macro level, given human irrationality, suc
by oz 16y ago
This has always struck me as well: given so much inefficiency, waste and corruption, how do they still survive? On a macro level, given human irrationality, such as our well-documented cognitive biases, how does the world continue to 'work'?
- yters 16y agoYeah, I've wondered this too. How do so many incompetent people create so much value? Yet, with the recent economic trouble, it's a bit less mysterious. They don't.