3 ms·
1. There is no such thing as a "well-functioning market", that's an ideological construct. 2. In a market of commodities, prices are determined by multiple asp
by einpoklum 5y ago
1. There is no such thing as a "well-functioning market", that's an ideological construct.
2. In a market of commodities, prices are determined by multiple aspects of the surrounding social power relations.
3. In a market, there tends to be a concentration of capital leading to an oligopoly or monopoly; this is more likely than a shrinking of prices to the cost of production.
- jaystraw 5y ago"social power relations" are an ideological construct too, that's the idea, that we use ideologies to ideate better explanations, simpler explanations for things. No shit, in other words. Nice try, though.