Post #2304174
2026-05-07 17:12 UTC
@MidniteMikeWrites@zirk.us Markets always, automatically, benefit the richer participant in any transaction; being 'richer' simply means one has more market power, and more ability to back away from an unfavourable trade.
It is **impossible** for a market ever to distribute anything efficiently.
Replies (1)
-
@MidniteMikeWrites@zirk.us 2026-05-08 21:10
@simon_brooke@mastodon.scot Markets have existed as a medium of exchange well before capitalism and have enabled mutual exchange, even among participants with different levels of wealth. It's in markets governed by unnatural wealth-gettting (or chrematistics in Aristotle's language) do we begin to see this perversion by market makers at the expense of participants. That's not to say markets are perfect, but like any resource they're only as good as they're governed. https://misaligned.markets/greed-is-not-selfishness/