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> There's no such thing as perfect information in the marketplace And why not? Are you saying that a market of free and voluntary exchange where every part has
by pietrovismara 6y ago
> There's no such thing as perfect information in the marketplace
And why not? Are you saying that a market of free and voluntary exchange where every part has access to equal information cannot exist?
An exchange where a part is better informed than the other and thus gains profit, is the exact definition of "taking advantage". Wait, isn't that how all exchanges work in the capitalist's workplace?
- oblio 6y ago> And why not? Are you saying that a market of free and voluntary exchange where every part has access to equal information cannot exist? Outside of very limited circumstances, how could it? Only for the simplest of products can you really grok them as well as the people making them.
- pietrovismara 6y agoBut the information is available in that case. Independent experts and other customers can (and do) review products. For the workplace there has been some failed attempt like Glassdoor but you generally don't have access to that information while being hired.