Re: "Money flows to whoever it is that has the rare thing."
"This also explains why markets *need* to be regulated by people who are outside them"
Problem is, without the knowledge of how the market actually runs, outside regulators can make bad decisions, poisoning the market for everyone. Based on your reasoning, you can't win: an unregulated market naturally gravitates towards a winner, an inside regulator can cheat the system, and an outside regulator can poison it.
Biting the hand that feeds IT
