The implicit assumption you seem to have here is that building the “machinery” to get to the point of a “frictionless”/perfect markets is not fundamentally valuable to everyone.
The implication in fact is that it’s immoral to be ‘paid’ for doing so?
I’d argue that just makes the world a poorer place overall, as there is no direct incentive to do things better. In the typical environments this plays out, there is actually a lot of incentive to do things worse.
Cost plus is one way of doing this kind of thing, and that gives strong incentives to inflate costs, for instance.
gov’t budgets are another, and anyone who has worked in the government or other large organization knows you’d better spend your budget each year or you’ll lose it. So no one ever has any left over short of something crazy happening.
The implication in fact is that it’s immoral to be ‘paid’ for doing so?
I’d argue that just makes the world a poorer place overall, as there is no direct incentive to do things better. In the typical environments this plays out, there is actually a lot of incentive to do things worse.
Cost plus is one way of doing this kind of thing, and that gives strong incentives to inflate costs, for instance.
gov’t budgets are another, and anyone who has worked in the government or other large organization knows you’d better spend your budget each year or you’ll lose it. So no one ever has any left over short of something crazy happening.