Imperfect Market

See: Imperfect Competition.

When a market is perfect, there is no friction, no tax, no corruption. Everyone sees and digests everything with clarity.

The problem: no such thing exists.

So our markets, in practice, are imperfect. They have bad information, corruption, error-laden views of the business playing field. Is that bad? No, not at all. Where there are imperfections, there lies opportunity for entrepreneurs to take advantage of them and change the world.

And the world needs a lot of changing. Potty training has completely failed thus far.