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Why Central Planning Always Fails | The Aneesh Karve Series | Episode 4 (WiM265)
The "What is Money?" Show
The Invincible Fallacy - The Un-Selling of People
Tella: If we have systems where people experience, or they are harmed by their own bad decisions, bad decisions will be rare. He says the un-sorting of people in the invincible fallacy continues because there is no cost inflicted upon politicians for un-sorted individuals. Tella: In spite of the tremendous social costs and adverse outcomes for the individuals that are un-sorts. And it's just back to what we said earlier about complex systems, right? Just having throughput of information is what allows them to adapt and self-organize.
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