Earlier quoted context omitted.
I think you say 'basic economics' but actually mean 'ideal free market'. Economics is the science of economies, which do not have to be free or market based. The problem with people's basic understanding of free markets is that it is heavily simplified. We are looking at it from the perspective of 'what if human nature wasn't ever a problem, everyone was always perfectly rational, and everyone had all of the informat…
You've made a general argument that shows not all theoretical economic theories about free markets can be trusted. Fair enough. But my claim is much narrower. It merely relies on the love of money of real people in our current economy, and the premise that there is enough information flow that, if people cared, they would find and pay for products that don't screw their privacy, control, etc. I think both those premi…
That's a terrible premise. Why are you assuming that this flow exists and that billions of people are failing individually rather than the simpler one this flow not existing?