Two thoughts—one perhaps very trivial.
1) If you believe the statement about the market response to stupidity then you’re you essentially attempting to supply a good with very little demand?
2) Maybe part of the issue is context—whenever the average person talks about economics I think it’s more in the political economy context, so perhaps inseparable from politics—leading to the direct linkage between market outcomes and regulatory aspects (after all, even in a pure neoclassical analysis the underlying—if generally unstated—assumption is that a host of rules underly and define market actions, incentives and results).
Perhaps such a comment in a setting where the discussion is more about science or engineering, or even baking, assuming the comment fits in somehow, I would think the reaction might not immediately jump to that of a pro regulatory response.
Two thoughts—one perhaps very trivial. 1) If you believe the statement about the market response to stupidity then you’re you essentially attempting to supply a good with very little demand?
2) Maybe part of the issue is context—whenever the average person talks about economics I think it’s more in the political economy context, so perhaps inseparable from politics—leading to the direct linkage between market outcomes and regulatory aspects (after all, even in a pure neoclassical analysis the underlying—if generally unstated—assumption is that a host of rules underly and define market actions, incentives and results).
Perhaps such a comment in a setting where the discussion is more about science or engineering, or even baking, assuming the comment fits in somehow, I would think the reaction might not immediately jump to that of a pro regulatory response.