Hacker News new | ask | show | jobs
by zardo 3874 days ago
How is the market being destroyed correcting the problem? If people can't be compensated and work doesn't get done, the market is a failure.
1 comments

The market isn't destroyed, it's just driven to zero. You can't force market participants to behave in the fashion you want. The market being driven to zero is one solution for the market, it optimizes for the people selling services and the people buying them, it just doesn't optimize for the profitability of those trying to make money off of selling their services.