4 ms·
> It is like that, because economic system is designed to work that way. "Designed" is probably putting it too strongly. But however you characterize the proce
by webmaven 5y ago
> It is like that, because economic system is designed to work that way.
"Designed" is probably putting it too strongly. But however you characterize the process that got it that way, people did it, and people can change it with enough effort. In fact it is constantly changing, and each of us can decide the direction we are going to push it, and how hard.
"And friends, they may thinks it's a movement." — Arlo Guthrie, Alice's Restaurant Massacree
- watwut 5y agoThere were economists articles literally claiming this is good and pushing for reforms to that effect. Neoliberslism is literally theory that claims the companies should seek profit and only profit and then everything else will be good. They got their reforms, so yes it was designed.
- webmaven 5y agoYou can certainly make the case that the proposed reforms were designed, but to claim that for the economy as a whole would require that all such proposals were adopted with no changes, and that no changes to the economy that weren't in those proposals happened. The neoliberal faction certainly has had an outsized influence (funny how proposals that the 0.1% want done end up getting a lot of positive attention more often than not), but even so, the economy as a whole is the result of a lot of political compromise and dealmaking, not to mention undirected evolution.