Quote Originally Posted by Renton View Post
If your point is that human nature makes people susceptible to making idiotic bets in either of these cases, I'm inclined to agree with that. But again, I don't consider it a limitation of markets. People are susceptible to drug addiction too, but that doesn't make drug prohibition any less of a disaster. Capitalism generally rewards profitable behavior and penalizes unprofitable behavior. What better answer to human frailty is there?
I don't consider it a limitation of markets or an expression of failure either. Just a feature.

And to the last question, I dunno, I'm still trying to get a full glimpse of our frailty.