4 ms·

Because laissez-faire economics doesn't converge automagically on the best path. https://www.theatlantic.com/magazine/archive/1993/12/how-the-world-works/30585

• ixtli 7y ago
  Correct. I'd add that I don't think anyone worth listening to has ever really thought this to be true: rather, it is convenient for those with the majority of private capital for everyone to believe it is true so that they don't have to account for how they spend their money.
  • amiga_500 7y ago
    There are countless journalists and academics in the UK who believe this as surely as they believe the sun will rise tomorrow.
    • ixtli 7y ago
      Touché. (Though lets be clear it's profitable for the individual in those situations to tow the line.)
    • deleted 7y ago
      [deleted]