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A comment on A Cultural History of Fat. Parent comment
1) humans are not rational agents that always pursue their best interest
2) local optimization (what the market does) doesn't always lead to a global optimum
3) oftentimes the interest of investors and consumers diverge and the former have far more power (information asymmetry).
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1) humans are not rational agents that always pursue their best interest
2) local optimization (what the market does) doesn't always lead to a global optimum
3) oftentimes the interest of investors and consumers diverge and the former have far more power (information asymmetry).