The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance in the midst of black seas of infinity, and it was not meant that we should voyage far. The sciences, each straining in its own direction, have hitherto harmed us little; but some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the deadly light into the peace and safety of a new dark age.
-H.P. Lovecraft
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The obligatory libertarian counterpart to this.
Governments, and government organizations/departments/bureaucracies, are a major contributor to a kind of "astronomical waste".
Reducing both the size of governments, i.e., unloading more government functions onto the private sector, and the sizes of countries, i.e., breaking up large countries into several smaller ones, (if not completely eliminating governments but I'm not quite sure what to replace them with) would yield greater individual prosperity.
One piece of evidence for the second is to notice how nations with small populations tend to cluster near the top of lists of countries by per-capita-GDP.
75%
1) So do nations with very high taxes, i.e. Nordic countries (or most of Western Europe for that matter).
One of the outliers (Ireland) has probably been knocked down a few places recently, as a result of a worldwide crisis that might well be the result of excessive deregulation.
2) In very small countries, one single insanely rich individual will make a lot of difference to average wealth, even if the rest of the population is very poor. I think Brunei illustrates the point. So I'm not sure the supposedly high rank of small countries is indicative of anything (median GDP would be more useful).
3) There are many small-population countries at the bottom of the chart too.
Upvoted.