12 Aug
2001
12 Aug
'01
10:35 a.m.
On Sat, Aug 11, 2001 at 04:49:26AM -0700, jamesd@echeque.com wrote:
I would bet on it in the long run. It is inherent in the nature of government. Without the market weeding out the unfit and pressuring everyone for excellence, bureaucracies unavoidably decay for well known reasons.
In the long run, perhaps. But it is dangerous to underestimate the strength and determination of an adversary that has perhaps $1 trillion (in the U.S. alone) in resources to draw on. Dying elephants can cause violent disruptions on their way down. -Declan