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It's also worth distinguishing uncoordinated markets from ungoverned markets. Markets exhibit vast and sophisticated organic coordination without state prodding
by akramachamarei 8mo ago
It's also worth distinguishing uncoordinated markets from ungoverned markets. Markets exhibit vast and sophisticated organic coordination without state prodding. I don't just mean to pick at this word "uncoordinated" but more deeply at the particular issue of near- or far-sightedness. Has it actually been established that organic economic coordination does worse at protecting "the future" than some particular alternatives?