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" ... Ahhhh....but that's why we use markets. Here, we've this new technology which apparently turns MREs into yummy things. We don't know how many people might like such yummy MREs. And we've only one way of finding out too, which is to make some, try to sell some, and see who buys. Nothing else, at all, will do. We can't go and ask people alone because expressed preferences are different from revealed often enough. Coke asked a very large number of people about New Coke and found that whatever people said it didn't in fact work out. We also don't know, have no clue in fact, which variations, sizes, recipes will work, how often people will want to have them and so on. We're standing here with not a scoobie about whether anyone at all wants these new things. Thus markets--we can go and find out by making and trying to sell them. Given what people will eat in a TV Dinner maybe it will work? ... "
" ... Now the worm has turned, for whatever reason and again, no one has that scoobie, not even the CEOs in the business, and sales are falling. At which point stock prices fall--excellent, we've now a signal to investors and entrepreneurs that this isn't a good game any more. Go find something else to do with your time and money, not expensive branded sneakers. ... "