I like markets. Properly implemented and regulatged, I think they are generally the best fundamental arrangement of society, in both private and public, for maximizing human flourishing. I like online retailer competition. I like free trade. I dislike tariffs. I like congestion pricing for highway tolls. I dislike exclusionary zoning. I like prediction markets. I like airline deregulation. I like no-fee DIY online brokerage accounts. I like popular elections for governments. But like many other observers, I’ve grown concerned over the past year about the ever-increasing overt marketization of society. Seemingly everyone is now a speculator—and everything is a speculation. Rip-off or be ripped-off. Frictionless online gambling. Cryptocurrency. The ever-increasing optimization of retail pricing, based on endless consumer data. The relentless à la carte streaming services and nickel-and-dime opaque add-ons with airline purchases. And the surely-associated enshittification of, if not…
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