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The structural incapacity of market architecture to see, measure, or protect the systems it depends upon. Markets monetise signals without requiring preservation of underlying capabilities. Neither price discovery, voluntary coordination, nor regulatory intervention are structurally designed to ensure that exchange preserves its own conditions of possibility.
Labor markets clear on wage rates but are substrate-blind to worker health, skill renewal, and community stability. The signals markets optimise for (wages, productivity) do not encode the regeneration of what makes labor possible.
MEC Section 2