Consensus offers status and reward for those who can navigate its waters. Further, status salutes status. We warm to those who confirm our attachment to our understanding of the world and all that we have invested in it. A respectable institute conscious of its status will desire to work with someone of equal or higher status; or a government will deem it appropriate to only work with high status advisors (usually the most expensive). So consensus is re-enforced….and Ireland gets Merrill Lynch. - David Korowicz
Wednesday, November 14, 2012
Ignorance by Consensus
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