Originally Posted by sapeye
These traps are not a matter of moral good or bad, or of political orientation. They are built into the way systems operate, and the only way to prevent them from developing is through regulation, which limits short term individual freedom for the sake of the long term collective good. Libertarian arguments for extreme individual freedom without regulation logically lead to systemic collapse and potential chaos.
Right, regulation by a wise and unbiased class of rulers which has absolute knowledge of human nature and the way to ameliorate harm caused by humans. Too bad this doesn't exist.