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Vaknin, Sam, 1961-

"Capitalistic Musings"


4. Dissemination - More commonly known as media or information
channels. The channels which bridge between the information providers
and the information consumers. Some channels are merely technical and
then the relevant things to discuss would be technical: bandwidth,
noise to signal ratios and the like. Other channels are metaphorical
and then the relevant determinants would be their effectiveness in
conveying content to targeted consumers.
In the economic realm, there are five important axes of dissemination:
1. >From Government to the Market - the Market here being the "Hidden
Hand", the mechanism which allocates resources in adherence to market
signals (for instance, in accordance with prices).
The Government intervenes to correct market failures, or to influence
the allocation of resources in favour or against the interests of a
defined group of people. The more transparent and accountable the
actions of the Government, the less distortion in the allocation of
resources and the less resulting inefficiency. The Government should
declare its intentions and actions in advance whenever possible, then
it should act through public, open tenders, report often to regulatory
and legislative bodies and to the public and so on.


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