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We have billions of literally biological brains making many economic choices every day. Our current economy is a very distributed organic engine, it wouldn't wo
by Jensson 3y ago
We have billions of literally biological brains making many economic choices every day. Our current economy is a very distributed organic engine, it wouldn't work unless everyone contributed by deciding what to buy with their money.
It has central parts but the main decider in the engine is what consumers choose to buy.
- xg15 3y agoWhich is influenced by what products consumers can buy in the first place and what products they know and have a good impression of - which is in turn influenced by the decision of large distributors and media companies etc... This even before getting into financing and regulations.
- wslh 3y agoThis is a great discussion. We should define what the engine is. United States spends ~3% of the GDP in defense. Obviously this creates markets but there is a relatively centralized decision to spend that amount of money.
- Matl 3y agoThis assumes that people have access to accurate, up to date and unbiased information to make informed choices about what to buy. Yes they buy things, to what extent the things available/popular are the product of a free market vs established conglomerates having regulators in their pocket for example is highly debatable imo. How many of these giants would survive without a steady stream of government contracts?