Like everyone, I love L-O-V-E my morning coffee. Perhaps like many fewer, I like my coffee to be of specific make; Goya Espresso coffee.
As I made my coffee this morning, I noticed that I was running a bit low and would need more soon.
So, I got on my magic typewriter, typed some letters that included “www” and entered an online “market” where distributors from all over creation competed to sell me my Goya. More than that? They’re shipping it to my door for free.
Gotta tell ya’, that free market sure does suck.
Ah, your magic typewriter, leading to internet addresses, saved you from the previously non-free market where coffee was sold. Thank (the God of your choice) for the one invention that obliterated the last remaining market failure…wait for it…imperfect information regarding prices. Now, we can all rest easy that there are no remaining market imperfections that may be improved upon by policy or any other manner.
Would you have said that there was a perfect market for coffee before the internet?
Now, we can all rest easy that there are no remaining market imperfections that may be improved upon by policy
Except that policy didn’t make this market better. More information did. Oh, and the fact that I can access it from my couch rather than having to slog through 7 miles of mud and rain to get to a “physical market”.
any other manner.
I agree. We are not yet as free as we should be.
Would you have said that there was a perfect market for coffee before the internet?
Certainly not. In fact, I would say that there wasn’t a perfect market for coffee before Columbus.