Educating Markets
I wrote this in an email, as an attempt to further explain my recent statement that "It should never be more profitable to educate a market than to exploit it.:
It's just something I made up that I like saying. You
could probably capture about 80% of the sentiment with
"society shouldn't be structured in a way that rewards
dishonesty, and if it is, we should consider it a very
major problem and attend to it right away". In a
capitalist environment, bringing someone to your level
of knowledge through education is the best way to
ensure that you haven't "lied by omission" during a
transaction.
Seems obvious enough to me, at least when compared to most other things I say. Speaking of which, I don't delude myself by thinking that all my crazy ideas relate to how to design a virtuous utopia. Some of my crazy ideas are just plain crazy: arising from the desire to amuse myself, and from petty frustrations with specific people.
It's just something I made up that I like saying. You
could probably capture about 80% of the sentiment with
"society shouldn't be structured in a way that rewards
dishonesty, and if it is, we should consider it a very
major problem and attend to it right away". In a
capitalist environment, bringing someone to your level
of knowledge through education is the best way to
ensure that you haven't "lied by omission" during a
transaction.
Seems obvious enough to me, at least when compared to most other things I say. Speaking of which, I don't delude myself by thinking that all my crazy ideas relate to how to design a virtuous utopia. Some of my crazy ideas are just plain crazy: arising from the desire to amuse myself, and from petty frustrations with specific people.