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"We could actually say that the free market is a pure economic democracy: people are voting by buying and selling, and whatever price is generated on any given asset, that’s effectively the truth of what a trade is at." - @Breedlove22pic.twitter.com/QXaA71qVyR
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Exactly what Thomas Sowell wrote in Basic Economics...
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Yup... and that's not a compliment.
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When you go digital things won't be 'a price' anymore. Amazon will offer you 'your price' for goods, you will give them that power.
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Road to Serfdom speaks of this exactly.
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You are thinking backwards. The reason why participants are not equal is that the market is not absolutely free. In other words, freedom breeds democracy, not the other way around.
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Jordan, I always knew your path would lead you to Bitcoin, which embodies everything you've ever stood for. I'm proud to witness this transition, which I'm sure is just beginning!
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Free market is economic democracy only in the very first iteration. Unhinged feedback loops lead to a few billionaires owning everything, and the rest living in poverty, regardles on their deeds, abilities or work morale. See the Monopoly game.
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Your proof is a voard game?
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