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The "invisible hand" from Adam Smith works if rational actors make decisions based on perfect information. Currently, a large part of the US rejects rationalit
by jwatte 10y ago
The "invisible hand" from Adam Smith works if rational actors make decisions based on perfect information.
Currently, a large part of the US rejects rationality, and our governments and corporations give us nothing like perfect information.
So, not surprising that the market fails to serve the people at large well.