Countercounterpoint pretty much everything outside markets is "created by elite decisions" I hope this continues to its agorist conclusionhttps://twitter.com/HeerJeet/status/842794079326879744 …
hmm! I'm fumbling with semantics here I think--did you have any particular example(s) in mind?
-
-
I'm comparing to an imaginary system where competence would give you domain-limited currency.
-
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...
-
especially as information becomes less costly (eg: amazon reviews), and market segmentation often does a good job handling varied...
-
marginal values across income groups. Nutrition is weird but I'm also unsure where people are actually getting value in that case.
-
Well... how about, as an example, Hollywood antivaxxers?
-
Tight knit community, paid well for the skill of acting, share a false belief & communicate it strongly.
End of conversation
New conversation -
-
-
A better example: malls cater to suburban white teenagers, not because they make good decisions but because rich parents.
-
More concretely, dubious health food crazes are artifacts of this disconnect: markets grow around false beliefs.
End of conversation
New conversation -
-
-
Imagine a local fast food chain in SV. You would expect their milkshake flavors to be determined by software engineers because..
-
... they have long commutes, make more money than their peers, & don't have class-based reasons for avoiding fast food.
-
The market would hide the fact that milkshake flavors are dictated by this small group.
-
(This doesn't happen to be true because major chains are global, an accident of history)
-
But, any decision that favors high rollers without domain knowledge is like this: cash out votes competence.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.