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The Question of Merit in the Design of Markets
LZ Granderson: We have to address the question of whether we are valuing the right kinds of things in the design of markets and in the allocation of rewards. He says if we want to be able to give everyone at all times what they want, what they really want, as quickly and as efficiently as possible, something like technocratic capitalism is where we've landed. LZ: I don't see how we get away from this seemingly crazy, outsize reward structure for people who are on far tail of the continuum for things we we value rightly or wrongly....