[valar_m]

This statement seems odd to me:

Second, information is corroding the market’s ability to form prices correctly. That is because markets are based on scarcity while information is abundant.

I don't understand how this follows. Wouldn't having more information mean that prices form more correctly?

[vegancap]

He doesn't explain how more information effects market scarcity, he's really just thrown that one out there with no explanation!

[ef4]

Yes. The author's statement is malformed.

Lots of people get themselves into trouble pontificating on how the flow of information makes markets work or not work. What they often fail to notice is that there is also a market for information itself, and that it's not really necessary to special case "information" differently than any other necessary input.

[toomuchtodo]

Only if everyone has perfect information all of the time.

[altcognito]

and the ability to interpret and rationally act on that information. (if rational action is what one wants)