Hacker News new | past | comments | ask | show | jobs | submit login

> the free market of ideas will dispatch of them efficiently

This is a bad concept that is far detached from reality. Participating in public discourse is not like selling wheat or steel.

Sticking with the theme, a "free market of ideas" has significant transaction costs, information asymmetry and some actors wield significant market power (media organisations, public figures).

It's a nice theory but there are many classic market failures at play here that should dispel any idea of reaching an efficient outcome.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: