Countercounterpoint pretty much everything outside markets is "created by elite decisions" I hope this continues to its agorist conclusionhttps://twitter.com/HeerJeet/status/842794079326879744 …
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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Most incompetence is random so it cancels out. Siloization biases whole groups. Communication silos with similar income: deadly.
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seems like this is mostly the case where the good's primary value comes from its cultural or other signalling features?
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