I’m generally pro-market/capitalist but for different reasons than libertarian idealists who think the market will magically fulfill a function like weather service or environment more “efficiently.” Which means I’m pro-state in more cases, and *different* cases.
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This is one reason I’m getting interested in low-cost networked sensors. Cellphone cameras have shown that low-cost sensor networks are the worst nightmare of both repressive states AND crony-capitalists. More sensors, more widely distributed. Sonic screwdrivers for everybody.
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Ven, think of it this way. The old membership driven stock & futures exchanges and Financial partnerships worked very well. It was because of indemnification,everyone was guaranteeing everyone else. Now risk is not acknowledged read Teleb and Norman. be well.
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