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dogibacsi
searching PlanetScale…
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by
dogibacsi
3y ago
Seems like the disconnect stems from the definition of market failure. In your interpretation, persistence of profits is what makes a market failure. Economic theory is a bit more nuanced than that: market failure means inefficient allocati
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by
dogibacsi
3y ago
if you talk economics make sure you know what you're talking about. profit happens when I can give you 10 units of value that costs me 1 unit of value. depending on risk factors, we split the difference. ie: if I give you the tool that