Blogospere: market for ideas

Jon Udell, impersonating the webs unwashed, asks “Is that all? So what?” with regards to weblogs.

Most of our reactions to the simplicity (crudeness?) of markets is summed up in the asking of the same questions.

How can we impart something as important as the distribution of water or the protection of the environment to something that doesn’t have a central authority? Who will make sure the right thing will happen? How can we be sure that all the details will be taken care of and that all risks will be properly accounted for?

Answer (in the form of a question): how do we trust the markets to provide food, clothing, housing and other human necessities?

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