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There needed to be an adult in the room to coordinate a response that wasn't just everyone panicking. Thiel didn't necessarily need to be that adult himself, b
by slg 4y ago
There needed to be an adult in the room to coordinate a response that wasn't just everyone panicking. Thiel didn't necessarily need to be that adult himself, but his panicking eliminated the opportunity for anyone else to be that adult. The problem was fundamentally that everyone acted in their own best interest instead of coordinating a response that would have been in everyone's best interest.
- twblalock 4y ago> The problem was fundamentally that everyone acted in their own best interest instead of coordinating a response that would have been in everyone's best interest. Yes, this is a well-known and unsolvable problem of human societies.
- slg 4y agoWe have solved it countless times in countless situations. What do you think the FDIC is for example?