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will.stedden > bonkerfield

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2/12/2021 09:52:00 PM

So it's pretty straightforward how one would adapt his story of bananas to account for a diversity of goods. In fact the market already assumes there is a universal way to convert between different values of various goods. It's called money. OP is stating the most straightforward mechanism to improve the functioning of a market economy in the presence of suboptimal utility maximization inherent under capitalistic wealth inequality: straightforward wealth redistribution. After redistribution, wealth is able to be spent on *whatever is most valuable to each person*, the total society-wide utility would be increased because the market would better reward items that were more useful to more people.