Built Quote by Noam Chomsky
“Markets have built in inefficiencies, serious inefficiencies which are well known.”
About This Quote
Source Interview: “The Media and Its Enemies”, 2011
Markets create predictable flaws that savvy actors exploit, leading to systemic inefficiencies.
In simple terms: Markets have built‑in flaws.
Recognize and mitigate market inefficiencies.
Themes
Mood
Type
When to use this quote
- investment
- policy making
- consumer behavior
- regulation
Key Concepts
Questions to Reflect On
- What drives market inefficiencies?
- How can they be reduced?
Inefficiencies can be hard to correct without intervention.