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That is all very semi-mathematically correct, in the utopia of economics text books with all individuals are rational with equal with perfect knowledge and reso
by FrustratedMonky 3y ago
That is all very semi-mathematically correct, in the utopia of economics text books with all individuals are rational with equal with perfect knowledge and resources.
What actually happens in practice, humans are not rational, they have to eat, and all decisions are compromised. Corporations are a group of individuals, but I've seen plenty of middle managers, that have to hit their numbers, are feeling the pressure, and they will definitely break laws, dump waste, take advantage of underlings. And, the underlings, they have bills, have to eat, they go along with it. It is pressure all the way down through the organization, nobody is free to make 'contracts' between individuals. There are no free decisions.
Guess overall, think you are missing the the power dynamic and how that plays out in groups. LOL - Groups of monkeys.
- ETH_start 3y agoI agree that these are all problems, but again, I think the solution is to focus on fixing those problems directly, and not let special interests use these problems as the pretense for imposing their long-desired restrictions on the free market.