Markets are not perfect. They do fail. Every worker isn’t paid exactly what his marginal labor is. Goods and services do carry with them externalities. I’ve never met an economist, regardless of his school of thought, who argues otherwise. But the failure isn’t necessarily a bad thing. In fact, it offers an opportunity for advancement.
All advancement is based off of challenge. To quote Dr. Mordin Solus:
Can’t carry a load, so invent wheel. Can’t catch food, so invent spear. Limitations! No limitations, no advancement.
These limitations, these challenges, are exploited by clever people to make a profit: Man invents spear, trades it to his neighbor, for fresh meat. Or, to bring this into a modern time frame: man noticed workers underpaid. Starts business, offers higher wages. Lures employees from competitors. Makes profit. Or, man notices vehicle emissions harmful. Invents more efficient engine. Sells to companies for royalties. Makes…
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