@Phil I guess I'd say to shape rather than limit. The higher the quality, the greater their scope and effect might virtuously be. Since no institutions are perfect, and large-scale formal institutions will always face information problems, there will always be need for some limits. But as we get better at shaping coordinating institutions (if more than as at the moment), we might accomplish much by doing more with them. (My perspective as a social democrat may differ from yours as a libertarian)