Point made many times, and the proof is in the pudding: if they're using
it so widely it means it works for them.
Actually, no. The world is full of examples of practices and mechanisms
that are widely adopted and entrenched that work very poorly. You only
have to look at any day's newspaper to find evidence of this. The
assumption that people have the wisdom to reliably realize what is in
their best interests (as individuals or as a group of any size, in the
short-term or long-term) is demonstrably false. And the more complex
the system, the harder it is for people to use it wisely.
Using past mistakes to justify future mistakes is pure foolishness.
Keith
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