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An unlimited rate of change makes lawful community meaningless. Law is based on the retrospective judgment of peers about circumstances that occur ordinarily and are likely to occur again. If the rate of change which affects all circumstances accelerates beyond some point, such judgments cease to be valid. Lawful society breaks down.
Ivan Illich • Tools for Conviviality
One Way Forward: The Outsider’s Guide to Fixing the Republic (Kindle Single)
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Starting in the 1960s, the social and legal institutions of America were remade to try to eliminate unfair choices by people in positions of responsibility. The new legal structures reflected a deep distrust of human authority in even its more benign forms—a teacher’s authority in the classroom, or a manager’s judgments about who’s doing the job, o
... See morePhilip K. Howard • Everyday Freedom: Designing the Framework for a Flourishing Society

The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend
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