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> It's not market fundamentalism to acknowledge that what the market is good at is this sort of massively decentralized, million-variable price optimization No
by foobarqux 12y ago
> It's not market fundamentalism to acknowledge that what the market is good at is this sort of massively decentralized, million-variable price optimization
Note that Uber isn't a free market because the drivers aren't setting prices.
- wutbrodo 12y agoYea for sure, but it's not a binary distinction. "Allowing the price to float" is the concept we're discussing in general, and Uber is further along the spectrum towards a fully-floating price.