3 ms·

See arbitrages, asymmetric information, collusion, and price fixing

• zeroxfe 9y ago
  These are all effects of unregulated markets. Markets aren't right or wrong. People decide what's right and wrong, and apply the relevant constraints via regulation.
  • cf 9y ago
    Sure, I agree with that. It's not clear the comment I'm replying to does so. If we want to view the market as a phenomenon like soil erosion that's fine. I got the impression that the parent comment was implying markets as a provably optimal solver for resource allocation problems.