Does the Absence of Rules Mean Chaos? | Cato Institute

Does the Absence of Rules Mean Chaos? | Cato Institute: "In traffic, following rules relieves you of some of the burden of having to monitor other drivers, cyclists, and pedestrians. It enables one to adopt what Paul Seabright, an economist at the University of Toulouse, coined “tunnel vision,” limiting the knowledge and attention needed to successfully operate in complex environments.

However, “tunnel vision” creates risks in situations that are not foreseen by the rules one is following."

"By creating a “shared space,” the potential for collisions grows, paradoxically incentivizing everyone to exercise more care."

The Paradox of Imperialism - Hans-Hermann Hoppe - Mises Daily

The Paradox of Imperialism - Hans-Hermann Hoppe - Mises Daily: "Other things being equal, the lower the tax and regulation burden imposed on the domestic economy, the larger the population will tend to grow and the larger the amount of domestically produced wealth on which the state can draw in its conflicts with neighboring competitors. That is, states which tax and regulate their economies comparatively little — liberal states — tend to defeat and expand their territories or their range of hegemonic control at the expense of less-liberal ones."

"In blurring the distinction between the rulers and the ruled ("we all rule ourselves"), democracy strengthened the identification of the public with a particular state. Rather than dynastic property disputes which could be resolved through conquest and occupation, democratic wars became ideological battles"

"It became increasingly difficult for members of the public to extricate themselves from personal involvement in war."

7 Ways to Dramatically Advance Your Career | LinkedIn

7 Ways to Dramatically Advance Your Career | LinkedIn: "What practices exist in your industry that drive customers crazy? How do all companies in your industry behave stupidly? Identify these types of practices, and wipe them out."

"The more complex the processes and practices in your industry, the greater your opportunity to gain competitive advantage by simplifying them. Yes, doing so will be very hard. But that’s the whole point; the first to do so gains tremendous advantages."

"Incremental change doesn’t disrupt an industry; radical change does. Radical price reductions require radical new processes and business models."

"The toughest part of this challenge is not technical; it is knocking down the walls inside companies. It’s deciding whose product gets cross-sold, who gets “credit” for sales, and who “owns” the customer.

No one "owns" the customer, and you either do what’s best for the customer or you will lose him."

"The truth is coming, and there’s nothing you can do about it. But most firms won’t recognize this until it happens. Better to get far out in front while confusion reigns."

"Once you start delivering personalization, you create immense opportunities to make loyalty more convenient than disloyalty"