1,221 karma · joined November 17, 2008
www.jonkatzur.com https://github.com/jkatzur _jkatzur (at) g-mail_
So, I think the logical result of these ideas is that the way to success for those at Ivies (and schools like Stanford etc...) is that their social networks include many other highly motivated and successful people. However, anyone at any large university has a huge network to possibly tap, including thousands of talented students, alumni, and world class professors. Thus, I think the more logical result is that motivated students at any large school do well by building large and powerful social networks.
Also, large companies like Google can give their employees freedom of action (20% of their time in fact), as well as the resources to actually see their ideas put in action.
Second, there's a reason states don't print their own currency and the EU has adopted a common currency: it makes economic coordination so much more efficient. If each state had its own currency we would waste efficiency constantly exchanging currency, and out of state business would become subject to the volatile exchange fund market. Sure, this idea may solve one problem, but it certainly creates many more.
Point being, arbitration and market forces will always ensure there are more resources available because the government is a monopoly with no challengers. In any markets with competition prices are lower, and more output is available. Besides, does anyone really think that governments can better judge and hedge the risk of various crop failures etc than the market?