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Right, but this attitude allows neglecting any behavior that results in bad resource distribution as inevitable and immutable. That's not how economies work by
by monadic2 6y ago
Right, but this attitude allows neglecting any behavior that results in bad resource distribution as inevitable and immutable. That's not how economies work by all observation. Empirically supply/demand is insufficient to explain all the market behavior that's trivially observable, especially when you can easily manipulate both sides of that narrative with enough capital.
The labor theory of value certainly has issues but at the very least I would expect a critique to provide an alternative narrative of observable pricing pressures, such as scarcity and market controls. This type of reductive thinking doesn't have a clear end to my eyes.