nostr:npub1yyx7sllvsrr0fauh2rdlqk5rakf3963g9xk4a7j5uhfcs00lr3kq42qa5g Governments suck at it; they tend strongly towards that which gets them reelected. And people - absent a personal link between risk and reward - suck at it too, even if you can sort out the coordination on a shorter timescale than general elections.

Neither seem capable of letting a million flowers bloom, and both struggle under sunk-cost delusions.

There is a compelling argument that modern banking is society's way of laundering risk to avoid those issues.