mmm.. I don't get your point. Even in an open auction, bidders in an auction could still collude to submit lower bids and divide their winnings.
Problem is that there are only a couple of large banks who control a large portion of money. If there were more banks, one bank will eventually break the collusion and offer a competitive bids, and other banks will follow.
Cities/Town/States gets money from bond sales and need a place to store the money because it doesn't get used at once. They held auctions and banks would submit bids to hold the money at a certain interest rate. Banks colluded to lower their bids instead of competing fairly.
umm.. no evolution does not encourage diversity. "encourage" implies that there is some sort of hierarchy or level in terms of evolution, and there isn't.
I always hated that advice "Do what you Love". It's a fucking terrible advice. I know people mean well when they give that advice, but its a downright terrible advice for the vast majority of people.
Let me point out that this is an article written by a guy that ended up "loving" programming. I know that there is a lot of programmers here, (myself included) but let's face the reality here: only weirdos love programming. I say this because I'm a weirdo and I love programming, and every friend I know that loves programming is more or less the.. eccentric type. We just happen to be very fortunate in that we happen to love something that guarantees a middle class income and plenty of opportunities.
Most people are normal and love normal things. They like food, they like music, they like art, they like sex, they like sports, they like adventure. If you tell normal people to do what they love, you are practically dooming them to shit careers. It's all about supply and demand. Most people love the same things that other people love (except programmers, who are weirdos), and there just isn't enough jobs that normal people will love. Maybe 1% of normal people will end up in their dream job, and the other 99% end up on the hamster wheel chasing what they love.
The problem is when your cowboy coder leaves your company, you are fucked. The code is undocumented, and incomprehensible. It works but you have no idea how it works and neither does anybody else.
True but you can't just apply 1 and 2 to every problem and expect to meet deadlines. Part of the skill is to know instinctively how much polishing is enough.
Problem is that there are only a couple of large banks who control a large portion of money. If there were more banks, one bank will eventually break the collusion and offer a competitive bids, and other banks will follow.