some businesses are getting absolutely demolished

[@joshclark4272]

You hit some good points. Efficient markets are really just an idea, and the reality is stuff does tend to work itself out like you said. However, it’s no secret that efficient markets are a long-run phenomenon. At the end you mentioned that we’ll see some more failures before this all corrects itself, and it’s true - and it’s because the markets are still irrational in the short run. People will learn. I liked this video.

[@evanswildrants]

@@joshclark4272 glad you enjoyed it! I totally agree that the markets being irrational in the short term is the single biggest gotcha when talking about all this stuff. It can really skew perspectives when we cherry pick the time line we’re looking at. Cheers.

[@taterrhead]

efficient markets also kind of ignores the human aspects of life such as cultures and spiritually ala an example being completely hallowing out the Rust Belt of the USA (and killing those peoples' spirits) because you could get 'muhh efficient market' returns by moving those factories (and trade secrets) over to China where there are no labor laws or environmental laws and little to no regards to human life

[@evanswildrants]

@@taterrhead well it’s really only functions this way because these other countries have economies where people are treated as literal slaves. We would have to have a much more nuanced topic than we can in KZbin comments, but I for the most part agree with free market principles win in the end. If everyone could move operations with absolutely no repercussions to countries with no regard for ethics, they might in pursuit of money. But luckily there are other challenges that so far have not really made it work it. Thanks for sharing your perspective 🤝