information diffusion

Markets serve the needs of the people.
People work within markets to generate and exchange value.
The value generated is two fold, (1) the individual that buys or sells in a market obtains value from the transaction in the market.
(2) if this process is repeated several times the community of actors with in the market gains value from the multiple of transactions.

This process is the paradox of community. People need to benefit themselves first, but if the community does not benefit the gains achieved by the sole individual are moot. There exists a constant friction between what is to be gained and lost on an individual basis in this market of actors.

I would argue, that capitalism is NOT capable of market efficiency.

Capitalism desires to create standardization not competition.


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