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And you invalidated the concept with your witty one-liner. Well done, very thorough criticism of markets.
by facepalm 13y ago
And you invalidated the concept with your witty one-liner. Well done, very thorough criticism of markets.
- mindslight 13y agoIt's certainly not a criticism of markets per se - it's a criticism of those who think markets are an appropriate replacement for reason.
- facepalm 13y agoWell there is a certain logic to markets. If LEGO is overpriced, a competitor should be able to offer a cheaper alternative. So if you claim LEGO is overpriced, you have to explain why no cheaper competitor emerged. Maybe there are reasons (for example patents - but the competitor would not have to be the same kind of thing, just the same category). I wonder how do you reason without the theory of markets? Serious question!