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How cheaters and crooks sabotage even the reputational mechanism
Thursday, May 24, 2018 17:04
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This is a follow up from my vlog post yesterday (Most economists and almost all libertarians/ anarcho-capitalists have a blind spot towards governance). I’m clarifying in this youtube video, linked below, that crooks and cheaters will sabotage even well-established market mechanisms, such as the reputational mechanism. That doesn’t mean we need occupational licensing – which […]
Source: https://www.sabhlokcity.com/2018/05/how-cheaters-and-crooks-sabotage-even-the-reputational-mechanism/
