Madsen Pirie at the Adfam Smith Insititute quotes approvingly from an item in the Times today about the intelligence of groups, and "why the many are smarter than the few."
"The free-market economy works because millions of us make small calculations about what to make, sell, or buy, what price to sell at, what price to buy at. Nobody directs it, yet the magic of supply and demand makes us all wealthier; and certainly happier than the glum shoppers at the Gum stores of the old Soviet era."
Is this the same ASI which argues against wikis on the basis that they represent collectivism (which it appears is undesirable)?
What precisely defines one form of group activity as acceptable while another isn't. The editing process on a wiki is almost an exact market model - if you can sell your changes you will succeed - if not you won't . You can't make random changes because pages are owned - property of - someone.
