Very interesting article. But there is no revolution needed. When up to 40 - 50% of economic activity in the West is due to unproductive government spending vast amounts of resources are wasted and hindering economic activity and dynamic.



Furthermore most markets are rigged. Either by usless regulations or subsidies. Take the EU. All bureaucrats are always talking about the Industry 4.0. But when Uber or Airbnb come up with new technologies the government will try to distroy the benefits these companies produce so the old structres can be maintained. Today (in Europe) there is hardly any politician that is open minded towards a free economy and limiting the regulations to the necessary (worker and environmental protection).



Uncertainty is double-sided. Think about penicillin, the vulcanisation of rubber, photography, teflon etc. Those things were invented by luck (pure uncertainty). Out of uncertainty great things can emerge. If everyone at any time knows everything (no uncertainty = no risk) no human being would have ever left the trees or caves.

Furthermore there is no point in knowing everything and to eliminate all uncertainty. It is sufficient for the enterpreneur to know "only his business". That limits the uncertainty within the entire economy. And whats the point in knowing everything if you can't estimate the probabilities to it. So there is another element to uncertainty.



The problem of economics is that most economists miss the forest for the trees and the very basics of economic theory went lost!