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> successful economies should strive to be pretty balanced The economy is not a thing that can "strive" for anything. Rather, the economy is simply the collect

> successful economies should strive to be pretty balanced The economy is not a thing that can "strive" for anything. Rather, the economy is simply the collection of actions taken by people in the market. Let's ask, why are those economies successful in the first place? > stupidly catering to middle classes instead of solving real problems That's a bit condescending, don't you think?

js8 11y ago
> The economy is not a thing that can "strive" for anything. Of course it can, it's a component of human society, and societies can "strive". > Rather, the economy is simply the collection of actions taken by people in the market. Just like actions of individual humans is "simply" result of actions taken by individual neurons. > Let's ask, why are those economies successful in the first place? Sure - Ha-Joon Chang was already mentioned, and I wholeheartedly recommend his books. From his perspective, "free trade" is just one possible economic strategy, that is useful on a certain level of economic development. > That's a bit condescending, don't you think? Sometimes deservedly so. If I believed in the rationality of the free market, I would be confused by huge valuations of advertising IT companies. Anyway, I am not really judging those people, I was just making remark that they are criticized. In fact, I am (almost) one of them, I work for large SW company that does IT support software for big corporations like banks. I would probably prefer to improve software for manufacturing, but the truth is, it just doesn't pay that well as this.