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Democracy and evolution

Posted by Marcus G. Daniels-3 on Dec 15, 2006; 4:49am
URL: http://friam.383.s1.nabble.com/Democracy-and-evolution-tp523130p523154.html

Phil Henshaw wrote:

>That could cause a wave of change in how
>money is used to multiply money.    The people following the new
>practice could choose not to do business with those clinging to the old way, interpreting it as 'cheating'.  
>
A robust system has to at least tolerate clever people acting in their
own self interest.    The profits from financial instruments are so big
that just making something taboo wouldn't slow rational people from
doing it.   It would have to be illegal to significantly slow, and that
would require a broad consensus throughout the major governments and
financial centers of the world not to mention a highly-instrumented
banking data processing infrastructure for enforcement by agents acting
in the public interest.  Maybe Ralph Nader in front of a terminal press
"Y" and "N"?    Perhaps funders of terrorism will motivate such a system
and it could then be retasked?

Another view is that the `explosions' are unavoidable and akin
evolutionarily to punctuated equillibrium.    Some problems can only be
addressed with huge wealth and a focus that a democracy may have trouble
finding.  Thus the Gaia of $$$ finds people like Bill & Melinda Gates,
and Warren Buffett to soak up the excess and ultimately channel it.