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Monopoly/monopsony, principal/agent problems, perverse incentives, information asymmetry, Baumol's cost disease, ..., the list goes on and on. Markets are grea
by notacoward 10y ago
Monopoly/monopsony, principal/agent problems, perverse incentives, information asymmetry, Baumol's cost disease, ..., the list goes on and on. Markets are great, but they are neither maintenance-free nor ideal for every situation. It's like proposing containers as the solution for every IT problem, without even saying how those containers will be built or deployed.