That's not exactly how I would phrase it but basically.
I mean you would agree that a bunch of people could organize a boycott of Echo with ads and eventually Amazon would stop selling it and sell Echo without ads and that would be fine right? So why don't we just do that? It's because we lack a coordination mechanism, the incentive of individual boycotters is to cheat. Luckily humans have developed a great coordination mechanism called 'democracy' and we can use it when coordination in the market place has failed.
I mean you would agree that a bunch of people could organize a boycott of Echo with ads and eventually Amazon would stop selling it and sell Echo without ads and that would be fine right? So why don't we just do that? It's because we lack a coordination mechanism, the incentive of individual boycotters is to cheat. Luckily humans have developed a great coordination mechanism called 'democracy' and we can use it when coordination in the market place has failed.