Yep, I agree with this. No one is making macro scale resource allocation decisions and yet resources are allocated reasonably efficiently (for some value of “ef

Yep, I agree with this. No one is making macro scale resource allocation decisions and yet resources are allocated reasonably efficiently (for some value of “efficiency”). The collective “decision” is an emergent property of countless individual decisions, much like an ant colony exhibits complex and sophisticated decision making as an emergent property of simple individual decisions.