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> its just what happens when you run a freeish market... it would eventually right itself but this would take a long time If we think of the system as a delica
by benjaminjosephw 6y ago
> its just what happens when you run a freeish market... it would eventually right itself but this would take a long time
If we think of the system as a delicate natural balance that we should try our best not to disturb too much I think we've immediately taken a very specific stance which itself shouldn't be above critical examination. It is, after all, just a social system and all social systems involve some level of design whether we like that fact or not.
In theory, we could conceive of the possibility of an economic system that both preserves the autonomy and independence of its actors while also preventing monopolies from emerging in the first place. Its a hard problem to wrestle with but its preferable to acquiescing to the blind faith in the invisible hand. We should never give up on an effort to understand how we could evolve our current systems into ones that work better (imagine if we took the same stance with technology).