What do I know?
A financial ecosystem much like a biological ecosystem
needs to have as many different types of creatures as possible. The greater the
variety, the better the check on each of its constituents. The inter-twining
checks of each such constituent only lend to enhancing the efficiency of the
system.
What must then matter is the overall output of
such a system. Whether a Paul Singer is bad or a George Soros is good is immaterial.
What is of significance is whether there are enough of Soros’ to counter the Singers and and
enough Trumps to counter the Obamas in turn. The ideal purpose of the system
then ought to be only to maximize this variety of its constituents, which in
turn means that the platform for such a system must be rationality; a system of principled thinking that allows for the
careful perusal of each notion on equal footing. No thought or idea can be more
equal than another. Even the absurd must be accommodated so long as it is
devoted to rationality’s daughter, logic.
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