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The market system does not even try to fairly allocate anything. It allocates to those who can pay.
by anoncake 7y ago
The market system does not even try to fairly allocate anything. It allocates to those who can pay.
- logfromblammo 7y agoLet's forget about "fair" then, and focus on the allocation. Whether fair or not by someone's definition of "fair", the market system can allocate resources among uncountable federated actors, without spending a significant fraction of those resources on centralized calculations. A zero-price system cannot do that. There may exist theoretical alternate systems that can allocate more fairly than a market system. If one can do that with unmetered, no-additional-cost-to-the-consumer electricity, I'd be happy to hear about it, as I am not currently aware of any.
- anoncake 7y agoSure, right now unmetered electricity would be a bad idea.