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I wouldn't say it's the fairest thing we know, but it scales the best. A centralized market system could be extremely fair, if there's only 7 participants. Wi
by ken 8y ago
I wouldn't say it's the fairest thing we know, but it scales the best. A centralized market system could be extremely fair, if there's only 7 participants. With 7 billion, there's just no way. At a national or global level, we need decentralization.
At smaller scales, we do use other systems. Within a company, essentially nobody uses a free market system.