Global infrastructure and the volatility mirage

In the early 1950s, at Pennsylvania's Swarthmore College, a researcher named Solomon Asch conducted a seemingly straightforward experiment.  He asked volunteers to study three straight lines and state which was the closest in length to a fourth.  Unaware that many of their fellow subjects had been primed to answer incorrectly, a third of those who took part gave a response that was obviously wrong. Afterwards, asked why they had ignored the incontrovertible evidence before their eyes, most said they were afraid to differ from the consensus.  Today, more than three quarters of a cen...