> People don't always make the rational choice for long term benefits when there are short term gains to be had. Individuals, thanks to bounded rationality, tend to seek satisfactory solutions, not optimal ones. It takes coordinated effort to find optimal solutions.
Translation: People are stupid and need to be forced to do the right thing. (Where the "right thing" is defined by the current people in charge.)
Translation: People are stupid and need to be forced to do the right thing. (Where the "right thing" is defined by the current people in charge.)