In this enlightening episode of the ABEG VEX podcast, host Idongesit Obeya engages in a thought-provoking conversation with market designer and game theorist Noah Healy. Together, they delve into the historical and contemporary challenges of commodity market design, emphasizing how traditional market systems, developed centuries ago, are struggling under the weight of modern computerized trading. Noah explains the dramatic shifts in market dynamics, the rise of market noise, and the significant errors that computerized trading introduces, leading to a chaotic and inefficient marketplace. The episode also highlights the economic evolution from medieval trade routes to the present-day dominance of financial hubs like New York and London, shedding light on how the balance of power has shifted over time.
Links
https://www.change.org/CDM_patent
Abeg Vex Social Media
If you’re intrigued by the future of market systems and how innovations like CDM could reshape global trade, make sure to tune in. Subscribe to the ABEG VEX podcast for more insightful discussions. Don't forget to share this episode with friends and colleagues, we'd love to hear your thoughts and continue the discussion!
Chapters
(00:11) - Flaws in Market Systems and Technology
(19:42) - Market Dynamics and System Innovation
(25:35) - Evolution of Market Systems
(39:52) - Economic Shifts and Market Instability
(54:33) - Revolutionizing Market Systems Through CDM
