3 ms·
"market failure" has various interpretations and objections: https://en.wikipedia.org/wiki/Market_failure https://en.wikipedia.org/wiki/Market_failure The way
by goodpoint 6y ago
"market failure" has various interpretations and objections:
https://en.wikipedia.org/wiki/Market_failure https://en.wikipedia.org/wiki/Market_failure
The way black_puppydog used it fits the term quite well.
- mbar84 6y agohttps://www.investopedia.com/terms/m/marketfailure.asp https://www.investopedia.com/terms/m/marketfailure.asp > A market failure occurs whenever the individuals in a group end up worse off than if they had not acted in perfectly rational self-interest. Such a group either incurs too many costs or receives too few benefits. > Even though the concept seems simple, it can be misleading and easy to misidentify. > Contrary to what the name implies, market failure does not describe inherent imperfections in the market economy > Additionally, not every bad outcome from market activity counts as a market failure. As I say, I think he's using it in a very much more colloquial manner: "I don't like the outcome of the market process", which is fine.