market failures

In the book: in the service of the republic, the author talks about market failures.  Externalities Where an external situation defines/effects a group in positive or negative ways. A university resulting in making city hotbed of innovation falls in externality. A factory emitting noise and smoke making neighborhood sick becomes a negative externality. Asymmetric Information …

clown

We are all crowns, hidden behind the mask of pedigree, color, religion, wealth, race, Et al. As a clown, we are faceless, which also means we are vulnerable. Pain is part of daily life, being ridiculed another. Is it better to be a clown or join puppetry?