Markets function to tell us about human behaviour; what we value and what we don’t .
That should immediately tell you that where there aren’t markets, things are not measured and for this, injustices, inefficiencies and downright corruption become the order of the day.
It’s not that markets don’t fail or become untenable, and create problems. It’s that the problems tell us that markets need to be able to measure every value, even beyond the realm of money. It’s not markets but their application that we have missed.
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