2min chapter

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In Search of the Third Attractor, Daniel Schmachtenberger (part 1)

Rebel Wisdom

CHAPTER

The Collective Intelligence of a Market

The whole idea of the collective intelligence of a market is that demand drives supply. But as soon as corporations become very large, then supply and demand have a radical septuagenarian change. So rather than demand driving supply, people now want shit that won't actually increase the quality of their life - it will empirically make their life worse. That's kind of like old schoolmarket theory. It has some truth in it, but it's not completely true. There are places where that's really hard to work, because, of course, then the economic incentive is to try to capture the regulator.

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