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And the entire banking system in 2008 wasn't built on a pyramid of f-ups? What about the US healthcare system? Cable TV / internet? Or the rail network in the
by radicalbyte 7y ago
And the entire banking system in 2008 wasn't built on a pyramid of f-ups?
What about the US healthcare system? Cable TV / internet? Or the rail network in the UK?
I'd argue that commercial systems have a stronger systemic problem which leads to inefficiencies on a larger scale than governments.
We only really see good results when we combine markets with strong government involvements to keep them fair; and that is extremely hard to get right because of regulatory capture.