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One thing neglected in economic discussions is economy on a small scale. In a town of 1000 people, in the middle of both natural ravages of the pandemic and ar
by cat_plus_plus 4y ago
One thing neglected in economic discussions is economy on a small scale. In a town of 1000 people, in the middle of both natural ravages of the pandemic and artificial economic drain imposed by state and national governments through health orders, invisible hand of the market is not going to be enough. It's going to take specific individuals invested in continued existence of the town above their own personal prosperity and ease of life to make that happen. In this situation, democratic control may well be the means to select the right individuals. Just so long as we don't confuse practicality of a tiny town with global solutions for food security or climate change or mRNA vaccines...