3 ms·
I’d suggest you grab some old economics texts. The current era is dominated by some truly bizarre, propaganda-level disinformation and concentrated markets. Inf
by ianai 4y ago
I’d suggest you grab some old economics texts. The current era is dominated by some truly bizarre, propaganda-level disinformation and concentrated markets. Infant formula got monopolized. As did meat production.
My suggestion stays https://en.m.wikipedia.org/wiki/The_Great_Crash,_1929 https://en.m.wikipedia.org/wiki/The_Great_Crash,_1929
“The lesson of 1929 was that laissez faire economics and political economy concentrates market power and the market downturns don’t always right themselves” (paraphrasing)
There was a ton of stuff put in place after the Great Depression which was then undone through decades of corporate “influence.”
I don’t know that what we’re headed for will be 1929 level bad. I’m not suggesting that. But that’s a great book to start enlightening yourself. The highly complex mortgage backed securities that led to 2007/2008 were never undone. The ARM loans which ballooned and kicked off the fulcrum of defaults and thus collapse from suddenly worthless securities were never addressed. And this time the international situation is far more developed and intertwined.
There absolutely are things that can be done to relieve a lot of this though. Tariffs can be rolled back. That would lower many prices.
My big wish would be corporations to learn to not cut quite so many corners that they become fragile to supply shocks. For people to seek out energy sources without huge social and environmental externalities. For people to choose to buy local first/where possible. For people to be open to growing local production like manufacturing of physical goods. Etc.
Edit-and “buy local” includes hiring local labor. And paying local taxes-corporations benefit from things like road works and other local services.