(FB 1553446142 Timestamp)
LARGE SHIPS TURN SLOWLY
by William L. Benge
If participants (participation) in a market cannot punish (selective refusal of exchange [ban]) their bad actors (peers) then neither can they reward (select for favorable exchange) the trusted actors for gain, since the black hat bad actors will forever have incentive to target, attack, undermine and displace the white hat trusted party (worthy, desirable), and therefore can be relied upon to act on those nefarious incentives.
It is my opinion the above describes the modern western experience of the now.
The difference between what occurs in a) the faster markets and b) in the West overall is not outcome but only c) time.
Reciprocity will assume, emerge. Natural law. Markets in everything.