(no title)
pkal | 4 months ago
> What makes the Market for Lemons concept so appealing (and what differentiates it in my mind from ens**tification) is that everyone can be acting reasonably, pursuing their own interests, and things still get worse for everyone. No one has to be evil or stupid: the platform does what’s profitable, sellers do what works, buyers try to make smart decisions, and yet the whole system degrades into something nobody actually wants.
(I don't know if Doctorow's concept really relies on malice.)
No comments yet.