The response to dynamite does tell us a little bit about where we could find a little bit of that wisdom. Because the europeans relied heavily on regulation, as europeans are more tending to do now. And ultimately, one of the key elements in the answer was that the railroad stepped in because they got tired of having railroad cars blow upBecause there was no regulation of the dynamite that was being transported by them. It's possible that we can be living in a moment just like that, where we actually need some new institutions, but we don't have them yet.

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