the price swings are part of the market's reaction to real life situations. The opposite of a market solving a resource allocation problem is the command econo

the price swings are part of the market's reaction to real life situations. The opposite of a market solving a resource allocation problem is the command economy, where some (small) group people are tasked with decisions like how much copper to actually produce. Instead of price swings, you get shortages. In any case, the point in my parent comment is that crowd intelligence solves some problems that cannot be easily solved by human intelligence (command economy vs free markets). But i would not call crowd intelligence a super intelligence.