basically what I'm asking is: how big of a deal is information asymmetry for how capitalism operates today?
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I'm hesitant to say it would have much effect, given that harm involved in production (particularly regarding labour in developing countries) is already fairly well known and most haven't changed their habits in response. Some effect on those looking to be more ethical, perhaps.
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sure but its difficult actually seeing that information in front of you I've tried measuring my externalities and its pretty difficult to get everything in order. I imaigne if I had a piece of software that did it automatically and gave me a report every month/quarter/year...
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I said none because I think while it would effect micro decisions it wouldn’t effect the system.
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Huge in theory, not so much in practice depending on how it plays out in people's willingness to listen. Funnily enough I'm about to enter the final project on my app development course ^^
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Becoming an *expert* at anything under any economic system takes a lot of time especially under Capitalism due to time wasted on supplying needs. However this doesn't address barriers to capital needed to manifest that expertise physically which varies from field to field
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little. short term turbulence maybe, but the propaganda machines will rev up and pretty soon we'll be back to a low-information (or at least low-signal) state. plus, dissolving the assymetry of info among capitalists will lead to rapid monopolization by scaled actors
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