https://mattdpearce.substack.com/p/the-simple-economic-paradox-wrecking

“… Grossman-Stiglitz Paradox … Important or valuable information can be costly to obtain or produce … information gets transmitted to the rest of the marketplace when the information producers can exploit a market opening … the more widely distributed information becomes in a marketplace, you’re likelier to lose your money if you keep investing in producing high-quality information. So everyone stops producing new information”