.One of the biggest banks in all of history arose out of the 1400s and published a market letter in the late 1500s. One them observed that it was mainly governments that supported alchemists. There has been no other entity that has been so gullible for so long to something for nothing schemes
Government elites and "true belivers" invest in alchemic beliefs and other magical thinking because they are made insecure by the rapid impact of social changes which both confuse and freighten them. They're like rookie middle managers who are so afraid of making a mistake that they micro-manage everything and everybody only to be defeated by the very unanticipated contradictions they try to conrol. Terrified of losing their power they grasp at any nostrom that appears to reflect their values. We're having a historically severe drought here in Texas and so I'm waiting for the shamans to appear telling us that everything will be ok if we'll just do without air-conditioning, motor-homes, and, of course, old cars.