distributed decision-making can happen through non-market mechanisms. It's weird that they are so rarely, given market flaws.
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So, more jarring than 'elite decisions' is non-isolated market decisions, where power is allocated in proportion to...
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... success at unrelated tasks (i.e. purchasing power).
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hmm! I'm fumbling with semantics here I think--did you have any particular example(s) in mind?
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I'm comparing to an imaginary system where competence would give you domain-limited currency.
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Ok I think I see where you're coming from. I think I'm more optimistic than you are about market responses to incompetent buyers...
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especially as information becomes less costly (eg: amazon reviews), and market segmentation often does a good job handling varied...
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marginal values across income groups. Nutrition is weird but I'm also unsure where people are actually getting value in that case.
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COUNTERCOUNTERCOUNTERPOINT RANDOM WALKS RULE ERRTHING AROUND ME
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