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> Why didn't the free market solve this particular problem? Information asymmetry & greed. And consumers who would fail the marshmallow test.
by rootusrootus 5y ago
> Why didn't the free market solve this particular problem?
Information asymmetry & greed. And consumers who would fail the marshmallow test.
- giraffe_lady 5y agoI sense that you're using "marshmallow test" as shorthand or euphemism for essentially calling people stupid, or undisciplined. Basically saying that as long as people have some agency to avoid a consequence, experiencing that consequence is their choice and fault. Anyway these things and more are part of "the market" too. If a market framework can't find effective solutions in the presence of real people with human faults and weaknesses, then what value is it to us?
- deleted 5y ago[deleted]