4 ms·
> equality of information It's based on information but not equality. In fact it's based on unequal information. Otherwise there would be no need for a market.
by orblivion 9y ago
> equality of information
It's based on information but not equality. In fact it's based on unequal information. Otherwise there would be no need for a market. The government could successfully plan everything.
But this is a bit of an aside. I agree more transparency is always good, all else being equal. And I agree that undisclosed fees are borderline fraud.
- stepanhruda 9y agoYou’re mixing up information and preferences.
- orblivion 9y agoWell, knowledge of preferences is information. But also, some people know or at least understand things better than others. Those people (all else equal) are better entrepreneurs or investors.