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Comment by sgt101

Markets are one mechanism for social regulation; there are many others. For example it was common for rulers in past societies to bury large hordes of treasure as offering to the gods. This was done not to store it, but because it increased prestige while reducing actual power. This is not a market. Not everything is a market and attempting to apply market mechanics to things which are not markets (like relationships, education) is a major source of inefficiency and unhappiness.
parent sgt101 8 years ago

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