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How do you know what the "right things" are without markets? If architects are quitting their jobs to become bakers, it's because society values the baker more
by trcarney 5y ago
How do you know what the "right things" are without markets? If architects are quitting their jobs to become bakers, it's because society values the baker more than the architect and therefore the person can make more as a baker. If enough architects quit, you will see the incentives switch and more and more people will begin training to become architects.
>There's also the question on whether inventions, medicine, technology are what we should be optimizing for?
Only the whole economy can accurately decide what we should optimize for. If you try to centrally plan an economy, it will fail because you remove pricing from the equation which is a signal to where resources should be allocated. For things that may not have a current market, this is what privately funded research and charities should be used for.
>The real cost to inequality is that it correlates with political polarization
This is only an issue because for some reason we have decided we need these huge government bureaucracies to run our day to day lives. Without this, peoples politics wouldn't matter. As for the anti-police movement's, this is manly due to people starting to realize the only thing the police protect is the State. The anti-vaccine movement hasn't grown. The government and the media have changed the definition of anti-vaccine. If you don't believe the government should or has the right to implement vaccine mandates on the populace you are anti-vaccine. If you aren't sure there is evidence the vaccine slows the spread of COVID, you are anti-vaccine. So basically the government and the media have labeled anyone who is unsure about this specific vaccine to be the same as the person who believes essential oils will heal everything and that vaccines in general cause autism.