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I guess that my point is that anyone who thinks that a market will give them long-term stable institutions/companies is wrong. I think that conclusion is likel

by jbert 14y ago

I guess that my point is that anyone who thinks that a market will give them long-term stable institutions/companies is wrong. I think that conclusion is likely to be surprising/controversial to some/many people.

jacques_chester 14y ago
> I guess that my point is that anyone who thinks that a market will give them long-term stable institutions/companies is wrong. Definitely. It's a complex, dynamic system that requires enormous amounts of failure, misattribution and foolish optimism to work. The beautiful thing is that it turns these human inevitabilities from negatives into positives.