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Re: [tlug] Open-source Japan



Gernot Hassenpflug writes:

 > > That is not the fault of the market.  That is a combination of the
 > > underlying scarcity of information, and people who think that somebody
 > > else should take care of their needs.

 > I hope I'm not too off here: that's the ever-present "asymmetry of
 > information" problem isn't it? We all have more or less information
 > than the other party in any single situation, nothing strange about
 > it.

Closely related.

 > In which case, services and industries grow to deliver to fill the
 > respective gap: various assurance services, informal methods like
 > branding, etc. Pay more (in various ways) for less risk.

The point here is that the market itself is one such service.


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