Comment by petrocrat

> The efficient market theorem can be untrue without elections necessarily being better at determining efficiency.

Can you go into more detail on how that could be for me? If the EMH is untrue, then there must be some other mechanism besides competition that checks the private sector, no? What would that be?

I'm implicitly lumping "regulation" as part of the Elections mechanism, btw, so I'm assuming you didn't mean regulation as the mechanism.