• WhirlpoolBrewer@lemmy.world
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      2 months ago

      I have never heard the phrase “everything you like about life is a market inefficiency” before, and I think it is simultaneously horrifying and accurate and my life is now a little worse. I don’t know what to do with this info, but I feel I need to share it

      • Aniki@feddit.org
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        2 months ago

        I have never heard the phrase “everything you like about life is a market inefficiency” before

        well, i have, at least a similar phrase: “the goal of life is death. so why don’t we all just die already?”

        i think it hits in a similar vein, and the answer/solution to the riddle is probably gonna be similar somewhat.

    • LH0ezVT@sh.itjust.works
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      2 months ago

      But what is the purpose of the market? Some arcane, abstract, paperclip-machine-esque efficiency?

      Or rather a short-term optimizer for labour and investments to get people to produce goods and provide services that are in demand and thus keep the lights on and society running?

      Because in the latter case, someone providing me with nice chocolate cookies is a feature, not a bug. The system is (somewhat) working, the market is providing me chocolate cookies with reasonable efficiency [1].

      [1]: plus some rainforest destruction, but that’s another issue that I personally don’t believe market economy or, more specifically, capitalism is capable of solving, but this is getting off topic