Markets embody the spirit of evolution from "summary" of The Evolution of Everything by Matt Ridley
Marketplaces are not planned by any government or designed by any individual. They emerge spontaneously, like a coral reef growing beneath the surface of the sea. They are not the result of any blueprint or master plan, but rather the product of countless individuals pursuing their own interests. This process of trial and error results in a system that is far more complex and efficient than any top-down design could achieve. Just as species in nature evolve through a process of variation, selection, and replication, so too do markets evolve through the actions of buyers and sellers. Prices act as signals that convey information about supply and demand, guiding individuals to make decisions that benefit the overall system. In th...
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