This story comes from the other end of the world but has lessons for any part of the world. It is “a parable about the combustible combination of optimism and ignorance.” Go read “Planning Order, Causing Chaos: Transantiago” by Michael Munger in the Library of Economics and Liberty.
Below the fold I have quoted the last part of the essay. If you wish to skip the article, do read the last bit.
Continue reading “The Transantiago Story”
Life is a Random Draw 