Macro thinkers tend to assume there are 3 basic ways to solve problems: institutions, markets, and organized military conflict (war). No, there are 4. The fourth way is extended chaos, allowing the natural dynamics to play out and create a new default equilibrium condition.
I don’t really consider that a market. Too heavily distorted by guns and gangsterism. A mad max protection racket economy run on bits of gold of dubious purity is barely a market.
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For communities below dunbar number, markets are institutions or chaos?
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Below that scale they are unnecessary
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