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(1/2) The key insight that led to Misaligned Markets was recognizing market actors don't just compete on economics. Because they act in the world, the entire world is their operating environment.

Market competition incentvizes ways of circumventing traditional market forces (cost, efficency) with "outward" facing competition: collusion, marketing, lobbying, regulatory capture, and more.

https://misaligned.markets/corponomics-lethal-econ-kung-fu/

#capitalism #oligarchy #economics #blog
Image of a Twitter post from Jan 2024 disucssing an insight the author had: Regulatory arbitrage, information asymmetry, coups, literally anything is fair game. After all, competition is not just limited to markets. Why would it be? Market actors are embedded in the world. The whole world is their operating environment. Market Capitalism doesn't just select for competition within markets, but basically within the entire operating environment of a market actor. Regulatory capture, political movements, and even entire plots and schemes emerge from this interplay

The lethal economics of corporate kung fu

Does competition in market capitalism incentivize increasingly cleverer ways of bypassing economic competition? This is the “paradox” at the heart of my writing at Misaligned Markets.
Mike (Misaligned Markets)
#capitalism #blog #economics #oligarchy
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