Sublime

That all urban development has been locked into path dependency on an economic concern now millennia out-of-date is surely a cause of unimaginable waste and inefficiency.

cleverest observer. Consider

We accepted equilibrium because it is so analytically useful, but it gives us a Platonic universe. It’s beautiful, and ideal, and pristine, and lovely, but it’s not really real.

Gogolook

The uncertainty in question will not be an accident of our circumstances — it will be entirely deliberate. We want to tempt others to engage in economic behavior, the output of which is uncertain, at the opportunity cost of behavior that is presumably much more certain. In effect, we are buying uncertainty with certainty.

It doesn’t mean that governments have no role to play—quite the contrary. But my overall impression is that we’ve witnessed a sharp reversal in who has the capacity to explore, discover, and deliver. In the past, only governments could break the constraints and pull it off at a large scale. Now it looks like governments (at least in the West) are

The central question of this book is this: Where do prosperity and economic security come from? I believe they don’t come from a single magic-bullet mechanism like wage subsidies, a robot tax, tougher antitrust measures, a higher minimum wage, or universal basic income. Rather they can only emerge from a complex macro mechanism that goes way beyond

reduce the scope for people to meaningfully participate in shaping their lives and communities. We will call these threats “centralizing”.