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"map_content": "Here is a claim that will annoy nearly everyone, which is usually a sign it is worth making: a regulated market and a constitutional republic are the same invention, discovered twice, in two different centuries, by people who mostly never spoke to each other, in response to the identical problem. \r\nThe problem is this. \r\n\r\nThere exists a certain kind of machine \u2014 a decentralised aggregator that takes the scattered choices of millions of people and condenses them into a signal that coordinates the whole \u2014 and it is the most powerful social technology ever built, and it has a fatal flaw: left entirely to itself, it destroys the very thing that made it valuable. \r\n\r\nThe market is one instance of this machine. \r\n\r\nDemocracy is the other. And the solution, in both cases, turns out to be the same: a layer of fixed rules that the momentary crowd cannot override, placed there precisely so that the aggregator can keep working instead of eating itself. Regulation is to the market what the constitution is to the democracy. Controls are not the opposite of freedom. They are what makes the freedom last.",
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