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n sectors of our economy where there is not a lot of room for utility-increasing innovations, we see an evolution towards ruthlessness... and that has interacted with... the central flaw in... our global system, with the U.S. at its head. What we have... are loops... Wealth that is made in the market is capable of increasing one's power over regulation. Power over regulation allows increased opportunity to make money in the market. This is a positive feedback loop. That should scare any engineer of biologist because positive feedback loops that are not bounded by some negative feedback force are unstable. They detonate. They explode. (en) |
