Yuritopiaposadism [none/use name] to games • 2 years ago“Actually, the free market is well equipped to ensure that unethical and anti-consumer practices will cause companies to lose profit.”imagemessage-square41 fedilinkarrow-up1105
arrow-up1105image“Actually, the free market is well equipped to ensure that unethical and anti-consumer practices will cause companies to lose profit.”Yuritopiaposadism [none/use name] to games • 2 years agomessage-square41 Commentsfedilink
minus-squareLiberalism [he/him,they/them]hexbear35·2 years agoWho would win: Centuries of Capitalist economic theory "Oh wait you can just mislead and manipulate people lol" link
minus-squareamber2 [she/her,they/them]hexbear26·2 years ago"and there you have it, under this theory capitalism will work perfectly as long as everyone is a rational actor" "But people aren't rational actors, they make their decisions based on emotions" "Oh wow that sounds way easier let's just take advantage of that" link
minus-squarebarrbaric [he/him]hexbear18·2 years agoThe existence of marketing alone disproves the concept that a free market where everyone competes as equals can exist. link
minus-squarezifnab25 [he/him, any]hexbear2·2 years agoInformation is a commodity, so misinformation is just another method for the rational marketplace to price in the value of useful knowledge. link
minus-squareSocialcreditscorr [they/them,she/her]hexbear8·2 years agoIs the former not just a justification for the latter? link
minus-squareLiberalism [he/him,they/them]hexbear12·2 years agoI meant in the sense that the usual justification is "in a free market the better product will win out, and that incentivizes innovation" but it turns out you don't actually have to make the product better you can just lie link
Who would win:
Centuries of Capitalist economic theory
"Oh wait you can just mislead and manipulate people lol"
"and there you have it, under this theory capitalism will work perfectly as long as everyone is a rational actor"
"But people aren't rational actors, they make their decisions based on emotions"
"Oh wow that sounds way easier let's just take advantage of that"
The existence of marketing alone disproves the concept that a free market where everyone competes as equals can exist.
Information is a commodity, so misinformation is just another method for the rational marketplace to price in the value of useful knowledge.
Is the former not just a justification for the latter?
I meant in the sense that the usual justification is "in a free market the better product will win out, and that incentivizes innovation" but it turns out you don't actually have to make the product better you can just lie
:think-about-it:
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