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Coordination of the desires of suppliers and consumers emerges from the market process by individuals deciding whether or not to engage in trades. So, everyone
by tw25570247 6y ago
Coordination of the desires of suppliers and consumers emerges from the market process by individuals deciding whether or not to engage in trades.
So, everyone complaining about Apple is free to count their displeasure as a too-high cost, and thereby stop buying Apple products.
But that would mean forgoing something you otherwise still want right now. Much better instead demand a well-armed third party change the deal. Then, having your conscience eased by shrouding yourself in righteousness, you can go ahead and buy that thing.
And by your actions, the ruling class -- both in business and politics -- can maintain and expand their power.
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A term from economics seems apt: revealed preference. The only useful notion of preference is that revealed by one's choices, not by what one says are their preferences.
The sad fact is that most people actually don't care, certainly not enough to inconvenience themselves.