3 ms·
You can't positively polarize me into thinking there's a social good to placing a simple buy order. That's precisely my point.
by scubbo 1y ago
You can't positively polarize me into thinking there's a social good to placing a simple buy order. That's precisely my point.
- tptacek 1y agoExplain? If you don't think there's any good in the markets at all, how is the status quo ante of the 1990s, where everyone transacting paid a cut to corrupt middlemen, any better? It seems like it must obviously be worse.
- scubbo 1y agoIt is true to say that "a bad thing with an extra bad thing is worse than just the original bad thing", yes. If there exists a market for imaginary trading cards whose value is loosely predicated on how well a company markets itself (rather than on how much value it actually creates in the world), then I agree that it's desirable for that market to exist with as few capitalist hoarders as possible. So, yes, the absence of "corrupt middlemen" is a good thing, and a market without them is better than a market with them. But an even better outcome is for the whole damn edifice to cease to be.