A thing I believe with medium confidence: One reason many institutions today are weaker than counterparts were generations ago was that allocation of smart people got more efficient for certain definitions of efficient, and institutions no longer benefit from so much free lunch.
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Concrete (ba dum bum) example: I think we'd mutually agree that we live in a society which has difficulty producing bridges relative to the same society generations ago. One could possibly diagnose this as "We have lost the art of collaborating to build bridges."
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I think my thoughts are leading me to the sounds-controversial-but-not-intrinsically-implausible conclusion that bridges are like swords: allocating productive capacity to them is evidence that one's society is poor, and what reads like difficulty is in fact just preferences.
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