For Governance and Economics, This is The Key Ingredient
Human Frailties Will Arise, Every Time
Every human endeavor has the potential to be a thing of beauty and long-term benefit for all concerned. Unfortunately, they also hold potential for great distortion and damage. Eventually, those failures of excess and lack of perspective almost always rear their ugly heads and do damage to people, the planet and everything in between.
One thing seems to be the best preventive measure/corrective process – good old-fashioned competition. Most of us basically understand this in economics, although as we will note in a moment,