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by WmyEE0UsWAwC2i
1370 days ago
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What about taking the ore to sea level and doing the process there. It's downhill. This is the greatest flaw in markets. It's said that markets compute the right values for trade goods. But it should be qualified to: Value now (or in the short term). In any specific moment value has certain dispersion due to multiple factors. The uncertainty of value in the future is huge because those factors compound. My point is that I believe markes only work in the short term. For long term planning (~one huamn lifetime, a civilization life time) markets don't work. |
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Often markets also depend on standardization and regulation that can only be enforced by governments.
If the markets that exist today fail to take into consideration the true societal costs of their operation—if there is no accounting for future costs—that is not a failure of markets in general, but of the current political regime.