What If the Seemingly Most Powerful Are Actually the Weakest?

We own the outcomes based on the extent to which we are willing to see what's at play, what's at stake and what's ours to do.

Photo by Greg Johnson on Unsplash

Market Signals—Economy 101

We live in a world predominantly based on the principles of a market economy. In reality, most economies are mixed economies, meaning that governments are allowed to intervene in economic activities to achieve social aims. However, the degree of this intervention varies, with some economies believing in more market freedom and others counting on more governmental control.

Regardless of that, our globalized world has been largely driven by trust in market forces and the belief that private ownership, competition, and the pursuit of profit will ultimately direct the market in ways that benefit society.

In a typical market economy, we all participate as consumers, producers, investors, employers, or employees. To varying degrees, we strive to maximize our benefits and minimize our suffering. We rely on market signals like prices, wages, costs, benefits, and profits to guide and incentivize our choices. Sometimes these signals aren’…