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You focus a lot on how well the free market works. Another aspect here is that reliability is a hidden cost the individual consumer can't see. My point being
by jopsen 9y ago
You focus a lot on how well the free market works.
Another aspect here is that reliability is a hidden cost the individual consumer can't see.
My point being this is just as much about hiding the real cost and making things look cheaper than they are.
Most shops will happily guarantee delivery before the weekend. And almost nobody will be held accountable for cries of children neglected by Santa :)
- Spooky23 9y agoIt’s a great example of the failure of markets when reliability and risk are part of the cost equation. The invisible hand only works when the actors understand what cost is.
- icebraining 9y agoI can't believe that. There's always a next Christmas, and you can be sure I wouldn't buy at the same shop that screwed me last year.