Comments by "Halfdan Ingolfsson" (@Halli50) on "Will the Billionaires' Risky Bet Pay Off?" video.
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@tonywilson4713 , you are, of course, correct. There is mechanical-ware, the complicated stuff you seem to have been dealing with. In electronics you have Hardware which is complex and Software which is even worse, but it is when dealing with Wetware (the human brain) that things go truly off the charts because the Wetware tends to be unpredictable.
Most European (and other) countries try for some variation along the lines I am suggesting, some with considerable success while others suck at it. Such arrangements are NOT the dreaded Socialism or Communism 'Muricans seem to fear so much, but are called Social Democracy and/or Mixed Economy. Free enterprise is encouraged, but has to follow various, sometimes strict rules. The emphasis is on the WE, not only the ME.
Of course this can be perverted or corrupted as well, just look at Russia, Hungary and Turkey, to name a few.
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