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A market can degrade into something nobody wants even when every participant acts reasonably and no one is evil or stupid.
Drawn from what Frank Chimero said
What Frank Chimero actually said
- Frank Chimero Designer and writer in New York
everyone can be acting reasonably, pursuing their own interests, and things still get worse for everyone. No one has to be evil or stupid: the platform does what's profitable, sellers do what works, buyers try to make smart decisions, and yet the whole system degrades into something nobody actually wants.
Added to korrents 24 Oct 2026 · How quotes work · Something wrong? Tell us
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