Your first paragraph is true irrespectively so I don’t know how it’s a case for or against either side. “People are people” isn’t adding much. However, systems

Your first paragraph is true irrespectively so I don’t know how it’s a case for or against either side. “People are people” isn’t adding much. However, systems can be put in place to mitigate (or amplify, depending on their implementation) these shortcomings. I’d argue bad institutions make things worse, while good institutions make things better. FWIW, I don't consider institutions to be limited to government; they can be groups like corporations as well. >inaccessible, dispersed knowledge I think the distinction is I don’t consider this a good thing. Opaque information hinders an economy; I don’t know how you can claim the opposite. I’d also argue inaccessible information is often at odds with dispersion of knowledge. For example, written knowledge wasn't dispersed until it became more accessible through the moveable type printing press. Making information inaccessible is just a way of hoarding power; that's generally not good for an economy (with some notable exceptions).