An Open Letter By Kenneth Rogoff,

This letter is well worth a read as it identifies clearly one of the costs to the fatal conceit of centralization.

The letter is address to Joseph Stiglitz and, while the topic is his book Globalization and Its Discontents, the message is broader and more relevant today than when Rogoff wrote:

"you betray an unrelenting belief in the pervasiveness of market failures, and a staunch conviction that governments can and will make things better. You call us "market fundamentalists."