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Joined 11 months ago
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Cake day: May 1st, 2024

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  • It’s also such a funny contradiction: a big part of the free market model rests on the idea that well informed consumers can vote with their wallet, which should reward good businesses and punish bad ones. Yet it is very difficult to argue consumers have ever been informed enough to make this work, which is in large part due to advertising flooding communication channels with noise, and also because it is unreasonable to expect a consumer to be fully informed for the hundreds of purchases they make on a daily basis.