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Re:Was whole economy a Ponzi scheme? by LogicHoleFlaw on Thursday January 01, 2009 @11:30AM (#416463)
What kills me about this sort of thing is how easily a system of (let's give them the benefit of the doubt) individually intelligent actors develops catastrophic emergent behaviors. Even if each person involved makes savvy decisions, if the resultant whole is unstable then everyone is still screwed.
Re:Was whole economy a Ponzi scheme? by cracki on Thursday January 01, 2009 @01:35PM (#416558)
...because hardly anyone has the big picture. this works with ant colonies because they had time to evolve their local decision making. it doesn't work with human economy.