ERG Professor Emeritus is Skeptical of Geeks
It is interesting to note that this is often expressed as the triumph of individuals over institutions, wrapped in a mantle of progress and development. Some of it, admittedly, does promote efficiency and social progress. But not all, and not everywhere. The creation of new social and political risks without forethought is already stirring demands for institutional control, a genuinely unfunded mandate. There is also a redistribution of wealth and privilege, instantiated by rapid obsolescence.
