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Rainy Planet's avatar

is that you, Karl Pilkington? Quit being a div and get back to making good shows.

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Overcoming Bias Commenter's avatar

if by "Markets aren't designed, they are emergent" you mean "The rich and elite change the market design so that they disproportionately benefit at the expense of the majority" you are correct and repeating what I said. Look at the last two nobel prize winner Tirole and Roth, both won for a lifetime on research in market design and looking into how large corporations manipulate and abuse markets that are poorly designed. Markets are "emergent" anymore than software code is emergent. Someone set the market up and consequences follow from those rules. There is no naturally existing market. Pretending that markets exist and naturally provide efficiency and that they are born as egalitarian systems just like the wildebeest and lion on the Serengeti one of those fantasies that doesn't hold up to even a modest acknowledgement of reality. Is the US bank/insurance/drug/big oil not a consequence of market design. The state

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