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patsup
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Everything posted by patsup
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How do we finance "risky" endeavors? What is the alternative? If you are considering a system where there is a centrally planned authority, then that system also has risk, and it's harder for the central unit to get all the information, direct the "needs", it's more susceptible to corruption, etc.When information is distributed throughout a system (say in a market, the internet, or power grids) the risk of total failure is smaller, the information is spread more efficiently, etc.