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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Well... how about, as an example, Hollywood antivaxxers?
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Tight knit community, paid well for the skill of acting, share a false belief & communicate it strongly.
End of conversation
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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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It's a bigger problem with consumer stuff, where stakes are usually low. Sometimes food trends crash foreign economies though.
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The impact of quinoa's popularity, or that of almond milk, is of geopolitical & geological significance.
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Rich Americans have the ability to drive a country to civil war by believing in dubious health benefits for a year.
End of conversation
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