But, it is with certain conditions:
1. The mass got to be big enough
2. Each person need to make independent decision, to avoid decision cascade
3. The mass should be diversify enough, to avoid group think.
This sound very good, and actually explained why deomcratic makes good sense, and why we should act as selfish as we can to create good market in this capitalist economy!
BUT, I am not convinced, at all!
The author able to quote a lot of very interesting examples to backup his book, but this is far from enough. I suppose any arguement can give quite some example if you are dig them out serious enough. What the author need to do is to provide a hypothesis! An explaination why 1+1=3 is working! This is something the author cannot do at all in this very thick book. But, this book should be published after "Fooled by Randomness", the author should know that seeing 20 million white swan does not rule out the possibility of black swan.........
Just smooth talk does not help to convince me....Continua