“The market” is a psychopath’s wet dream.
@aral I'm not sure if it was Neal Postman or Michael Heusemann, and this might well be a blend of both, but a key question for any technology is who benefits and how?
Markets are an allocation technology and mechanism.
Who does it benefit? How? At the cost of whom?
I think those become interesting questions.
Economists speak in terms of "market failures". Virtually all of those are actually market biases. That is, statements of who is unfairly advantaged by a market-based system or mechanism.
What do you think are good places for markets?
Consider also an economic system that does not need money. Then what is a good place for markets?
This is my personal Mastodon.