Re:Zuckerbergs' New “Primary School”: Private but Free
by mgraczyk on Saturday October 24, 2015 @08:42PM
(#10445453)
Where would the incentive be to try risky experimental business ventures? To invent new things? I think you underestimate the motivating power of economic opportunity.
It's wise to let those who are good at allocating resources be in charge of allocating resources. The best way to decide who is good at allocating resources is to create a system in which those who are good at allocating resources have opportunities to do so.
Re:Zuckerbergs' New “Primary School”: Private but Free
by plonh on Saturday October 24, 2015 @11:33PM
(#10445866)
Extracting profit from a system is different from efficiently allocating resources. At an extremely example, consider bank robbery. Then consider LIBOR.
It's wise to let those who are good at allocating resources be in charge of allocating resources. The best way to decide who is good at allocating resources is to create a system in which those who are good at allocating resources have opportunities to do so.