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> Why did you think that? If you were to believe current establishment economists, the invisible hand of the market fixes everything, from workers salaries, to
by ath3nd 2y ago
> Why did you think that?
If you were to believe current establishment economists, the invisible hand of the market fixes everything, from workers salaries, to societal problems like healthcare, public transport, and education. If it doesn't, then it's probably too much involvement by the evil government. Like, when in 2008, the evil government bailed the good banks, using taxpayer money, showing that in capitalism, the most important members of society: the banks and wall street, are totally safe. /s
In reality, I think the "invisible hand of the market" is a bs metaphor serving as an excuse to neocapitalists to pillage our world without regulation. I'd personally love to see a progressive wealth tax on the 1% (85% on gains > 1million seems reasonable to me), and de-privatization of social services like healthcare, education and transport.
Imo our societies must aim towards the "Private Sufficiency, Public Luxury" model: https://commongood.cc/reader/private-sufficiency-public-luxury/ https://commongood.cc/reader/private-sufficiency-public-luxu... and articles like that showing discrepancy between CEO and worker pay, show me I am on the right track.
- robertlagrant 2y ago> If you were to believe current establishment economists, the invisible hand of the market fixes everything This is far too simplistic. No one thinks it fixes everything. They might say that "CEO salaries aren't broken; you're just engaging in the politics of envy". But they would never claim that it would do things to reduce said "envy".