4 ms·
He mentioned micro economic theory, the fact that it's widely taught, but in reality is incomplete. The point is, it's not small business that are "wrong" per s
by chiefalchemist 2y ago
He mentioned micro economic theory, the fact that it's widely taught, but in reality is incomplete. The point is, it's not small business that are "wrong" per se, it's the observers (?) who have gotten their understanding, model, and metrics wrong. Worse is, those same observers determine policy, regulations, build other ideas on that foundation of sand, etc.
Simultaneously, at the large entity (read: company) level we don't have a free market, but instead we have rony Capitalism (which all it shared w/ capitalism are nine letters_ . The thumb is on the scale. Those rules and regulations favor some over others.
What could go wrong?