SVB and the case for chaos

Vladimir Lenin was wrong about many things, but his maxim about the Soviet Union’s bureaucratic state apparatus — “better fewer, but better” — was undoubtedly right. Perhaps more than anything, the USSR demonstrated the flaws of rigid central planning. And …

The Tories should embrace chaos

Politicians act with good intentions. But they rarely seem to grasp that intentions are not the same as outcomes. The social and economic worlds are both complex and change rapidly. This places inherent limits on our ability to understand them. …