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This has always bothering me: that people think the money you make and the contribution you make to society is the same. Sometimes it is completely detached. Th
by socialdemocrat 5y ago
This has always bothering me: that people think the money you make and the contribution you make to society is the same. Sometimes it is completely detached. There are jobs which pay in a enormous amount of money but which create negative value to society.
It is interesting, that in free-market economics, you get many of the same effects as in nature and evolution. There will always be parasites.
The problem today, are all the people so convinced of the perfection of free-market economics, that they will insist that even the parasites somehow serves a purpose.
- TheOtherHobbes 5y agoThat's because the money you make is a defined by your position in a competitive political hierarchy. Your "contribution" is defined entirely by political status. The more power you have over others, the more money you make. That's the real "free market" definition of value. There's a reason climate damage and other critically important side-effects of market dysfunction are dismissed as ignorable "externalities". They have little or no immediate political effect and no independent political agency. Therefore in market terms their value is either zero or negative. The physical reality is that the game board is on fire and unless something changes the entire game will be over soon.
- jazzyk 5y agoThe US, at least, has not been a free market for a long time. What we have is some form of (heavily financialized) crony statism, where a bunch of well connected monopolies milk consumers shamelessly (health "care", higher education, etc).