nostr:npub1zdeyn9kskejzqunz4nxyzpmv87pa4eg7grwdc98w9lwlf798tu2qss75ft Governments by and large are not truly democratic. The US system is explicitly and by design a republic, not a democracy. The UK system has two unelected elements (the lords and the monarchy). Democratic government sounds great – if only someone would try it. Plus – there is no link between risk and reward in capitalism, as the last few years have proven.
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.
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