3 ms·
>I'm not sure why you wouldn't want a market based proposal in this case. Because a market requires certain conditions to be true: equal access to information,
by xnyan 4y ago
>I'm not sure why you wouldn't want a market based proposal in this case.
Because a market requires certain conditions to be true: equal access to information, many buyers and sellers, and that the products being exchanged are comparable. It's possible that requirements 1 and maybe 3 can be met, but 2 completely kills the possibility of an efficient market in this proposal because there are far more sellers of time than buyers.
All capitalist economies (that I know of, please correct me if I'm wrong) employ regulation of market activity to compensate for imbalances in one of more of the three areas above. The theory for doing so is not based on goodwill to all people or something like that, but because distorted markets are inefficient and waste value.
- gruez 4y ago>many buyers and sellers To be clear, the things being exchanged here are the shifts themselves. I don't see why you can't have a healthy market between the few dozen or so people that work at a starbucks location.