Inefficient markets come at a high cost to society. They are not transparent, totally siloed and everywhere you look from the dating world to the financial s…
25 Comments on “I’m an inefficient market entrepreneur: Chinwe Onyeagoro at TEDxWindyCity”
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There is no such thing as inefficient markets. There is only Government
Monopolies intervening on free markets, making productivity less efficient.
Bravo!
Excellent talk. I’m in the beginning of a business school course-marketing
is the focus. I see market inefficiency everywhere especially in government
agencies including the justice system. Excellent point about transparency
with bank financing. My husband’s business is a successful, ongoing 35
years business and somehow he doesn’t fall into the ‘right’ market for a
small business loan. LOVE Fundwell blog ~ great service to us
entrepreneurs, thank you! LOVE your name, ‘Chinwe’ . . .
What a great presentation about such an overlooked sector.
The Venus Project is the cure
In only theoretical sense does your point make sense. But we live in a real
world with people like Bernie Madoff, George W Bush and the likes.
small businesses should get rejected at high rates. its bc lending to them
is far more risky. this isnt inefficient, this is common sense. i think TED
is becoming a place where intellectuals can just spout nonsense. please
define your terms. i define efficiency as profit. high profits means
producing lots of value for low costs. remove state regulations and you
will see more efficiency. problem solved. can i get a TED talk now?
those guys are the government. so you have proved my point is not just a
theory
My point is there are people who will abuse the system; be it in the
business (Madoff) world, or in politics (Bush). That is why regulation is
essential. Madoff was not government.
An interesting discussion.
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