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by pauletienney 3347 days ago
"'Things' necessary for economic growth are infinitely more efficient when directed by the market". This. I think you just touched the essentiel cultural difference.

IMHO the market is a good tool but it is very far from perfect. Its main weakness is the strength it gives to the signal price. The market is a global race to the lowest price and highest ROI. "Things" like infrastructure, health, environnement are expensive with a low (short/mid term) ROI. The market will never favor them.