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This assumption of a rational market has been fucking up people's lives for a long time now. What's it gonna take to put that conceit to bed?
by stonogo 4y ago
This assumption of a rational market has been fucking up people's lives for a long time now. What's it gonna take to put that conceit to bed?
- vasco 4y agoIt has lifted the largest amount of people from poverty in the history of the world.
- stonogo 4y agoThat's a nice bumper sticker, but managed markets and other non-laissez-faire economies, like the ones in India and China, could make a similar claim, even though I wouldn't want to live under them.
- throwawaylinux 4y agoThe assumption of a benevolent government of experts and moral leaders making decisions for the greater good has killed literally millions of people stolen trillions of dollars in war since WWII, and that's just counting western liberal democracies. If you don't implicitly trust "the market", and you shouldn't, then you can't trust the government. What's it going to take to convince you that handing over more of your rights and money won't enable the government to solve problems it previously could not have. "The government should fix that" is no less ridiculous than "the free market could fix that". Which is to say it can occasionally be true with a lot of caveats, and often wrong.
- stonogo 4y agoIt's super interesting that you immediately started railing against the government, which I didn't even mention. I'm critical of currently-popular economic dogma, and I don't understand why that should imply that I'm some kind of authoritarian socialist.