Super enjoyed reading this post as usual. I want to make a small leap. It takes extraordinary effort and resources to gather data, whether that's on your ETL S

Super enjoyed reading this post as usual. I want to make a small leap. It takes extraordinary effort and resources to gather data, whether that's on your ETL SaaS, your health insurance, your congressional candidates' policies, or who's right about vaccines on Twitter. If "a market for lemons" is one "where information asymmetry means that buyers can't tell the difference between good products and 'lemons'", literally every market is a lemon market. Since we know the incentives there reward marketing over performance, we have to have some kind of countervailing force if we don't want that (I don't). Luu cites "unusually unresonable" people for companies here, in traditional markets those are regulators, on social media those are content moderators, in politics those are political parties and the press, etc. Jump from here to wherever you want: - unregulated markets quickly become back alleys stuffed with lemons - (therefore) regulation greatly increases market efficiency - competing definitions of "lemon" undermine the entire system - regulator corruption is inevitable--successful systems account for this - regulation does stack--intuitively one would think no one will buy "sure, the car regulators are corrupt, but the car regulator regulators are on the up and up, so it's fine", but synonyms for "car regulator regulators" include "FBI" and "journalists" - if you wanted to succeed as a person of style over substance you have a strong incentive to assail the regulators