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> If I don't buy anything, I'm out of the market system and the whole argument of "the market is best" falls down: it means the market hasn't solved my problem.
by q-big 4y ago
> If I don't buy anything, I'm out of the market system and the whole argument of "the market is best" falls down: it means the market hasn't solved my problem.
This means the vendor makes no money from you. If a lot of people decide this way, the vendor will have to adjust or go bust - this is called "market adjustment".
The fact that you did buy tells the market that what you bought is of net-positive value for you.
- msmenardi 4y ago> The fact that you did buy tells the market that what you bought is of net-positive value for you. This doesn't mean the market is efficient. It means the market misunderstands itself.
- rakoo 4y agoThat's like an AI recognizing Bugs Bunny as a cat and not as a chair, at least it's an animal, it is a net-positive over the alternative. That's still not what I want.