> You cannot have a free market without transparency
I've not heard this before. So I need to know the wages of the workers, what the CEO had for breakfast, the favorite color of all employees, the inventory and sales, etc for every single company in order for it to be a free market?
I'm not arguing that knowing these things would be bad but actually curious of the boundaries you would draw when you say "transparency" such that it would encompass the exact algorithms used in a privately-owned search engine.
The more mature a market the more you would know. Transparency material to the market transaction. Knowing what employees ate would rarely provide value to whatever transaction you have. Understanding their selection process for the content they provide to you would be.
What the hotdog vendor dreamed of last night doesn't inform my buying decision like the fact that it fell on the floor earlier would.
Maybe I want to know if the employees are all vegan or something before I support that company. I guess I'll frame the same question in a different context: if all needs are subjective, how do you objectively determine which information is important for a transaction?
I've not heard this before. So I need to know the wages of the workers, what the CEO had for breakfast, the favorite color of all employees, the inventory and sales, etc for every single company in order for it to be a free market?
I'm not arguing that knowing these things would be bad but actually curious of the boundaries you would draw when you say "transparency" such that it would encompass the exact algorithms used in a privately-owned search engine.