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And economics has EVERYTHING figured out? At least towards an oligarchical fascist police state dystopia with monopoly or cartel control over most "free markets
by cowardlydragon 11y ago
And economics has EVERYTHING figured out? At least towards an oligarchical fascist police state dystopia with monopoly or cartel control over most "free markets" and can't predict basic things like the housing mortgage crash, overexuberance in tech stocks, and the like.
It can't even fucking figure out how to fundamentally avert global disaster or total ecological destruction. It basically can see three months into the future.
So I hate to tell you, your supply/demand curves may look second-nature, and the pirates dilemma may let you sleep at night with the current distribution of wealth, but it doesn't represent chaotic, nonlinear, fly-off-the-rails reality.
- ordbajsare 11y agoStop reading Marx.. it will rot your brain.