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> Most notably, one's racial and gender identity are brought to the foreground as bar none the primary contributors to the outcomes an individual will encounter

> Most notably, one's racial and gender identity are brought to the foreground as bar none the primary contributors to the outcomes an individual will encounter. do you have any hard evidence if this? > people are skeptical of markets and a market value associated with their actions assuming that is true, why is that?

EGreg 7y ago
People are skeptical of markets because of various factors: 1. That the rich get richer, so to speak, and inequality grows, leading to increasing numbers of people not being able to afford basic rent. 2. That government is captured by markets and corporate welfare is rampant, while welfare programs for the poor are cut 3. People are not LLCs and we don’t want them to just go bankrupt and run out of resources because they can’t earn enough to cover basic needs. This is becoming especially pertinent with automation and outsourcing reducing demand for local labor. 4. That traditionally valued activities such as a homemaker raising kids have zero market value now that both sexes work and so on. Non-market solutions such as a single payer for universal health insurance, universal education etc. are considered essential in any modern democracy. This is called social democracy.
- specialist 7y ago
  Here's a different take on markets from a commie pinko liberal: Open markets are just a tool for determining price between many parties. When well designed and regulated, open markets can be efficient at that task. Closed markets, like single payer healthcare, are a viable alternative when the players decide that price isn't the most important factor. Meaning they're optimizing for other factors. With single payer, maximizing public health is deemed most important. Rigged markets give all markets a bad name. aka winner-takes-all, late stage capitalism, oligarchy, laissez faire, Freedom Markets™ (my own pejorative).

EGreg 7y ago

People are skeptical of markets because of various factors: 1. That the rich get richer, so to speak, and inequality grows, leading to increasing numbers of people not being able to afford basic rent. 2. That government is captured by markets and corporate welfare is rampant, while welfare programs for the poor are cut 3. People are not LLCs and we don’t want them to just go bankrupt and run out of resources because they can’t earn enough to cover basic needs. This is becoming especially pertinent with automation and outsourcing reducing demand for local labor. 4. That traditionally valued activities such as a homemaker raising kids have zero market value now that both sexes work and so on. Non-market solutions such as a single payer for universal health insurance, universal education etc. are considered essential in any modern democracy. This is called social democracy.

specialist 7y ago
Here's a different take on markets from a commie pinko liberal: Open markets are just a tool for determining price between many parties. When well designed and regulated, open markets can be efficient at that task. Closed markets, like single payer healthcare, are a viable alternative when the players decide that price isn't the most important factor. Meaning they're optimizing for other factors. With single payer, maximizing public health is deemed most important. Rigged markets give all markets a bad name. aka winner-takes-all, late stage capitalism, oligarchy, laissez faire, Freedom Markets™ (my own pejorative).