4 ms·

The market is not an organization, the market is a disorganization—except in the case of a monopoly/monopsony, in which case intervention is desirable.

thrw42A8N 2y ago
Nobody said that the market is some organization, it's a way of organizing people, and it happens naturally. It's not something you invent, create and maintain, it's something you discover and observe - and try to control, often in vain or with unintended consequences, like weather. There was a market long before anybody thought of the word - and it was one of the first words. The oldest known written text is not some religious fluff or descriptions of market-less utopia, it's a "warranty claim" about a shipment of copper.
- dasil003 2y ago
  My point was that the word organization implies a planned structure, and a free market is explicitly not that. I'd consider it fair to say a market is a way of humans self-organizing, but a market is not an organization in any common sense of the word.
  - thrw42A8N 2y ago
    "Organization" (verb) doesn't necessarily result in "an organization" and almost definitely not in something "optimally organized". Your brain is organized and yet nobody planned it and it's definitely not an organization. I also disagree that "an organization" (noun) implies anything other than "a group of people" as described in dictionary. An organization can exist without any planned structure - doesn't stop it from being an organization. In my teenage years I was part of few "hacker" groups (in the HN sense of the word) - we tinkered with computers and had a website with cool stuff, all under our 1337 H4X0R-esque name and logo. We definitely were an organization, but we really didn't plan any structure at all. We just liked tech. See: https://www.merriam-webster.com/dictionary/organization https://www.merriam-webster.com/dictionary/organization

thrw42A8N 2y ago

Nobody said that the market is some organization, it's a way of organizing people, and it happens naturally. It's not something you invent, create and maintain, it's something you discover and observe - and try to control, often in vain or with unintended consequences, like weather. There was a market long before anybody thought of the word - and it was one of the first words. The oldest known written text is not some religious fluff or descriptions of market-less utopia, it's a "warranty claim" about a shipment of copper.

dasil003 2y ago
My point was that the word organization implies a planned structure, and a free market is explicitly not that. I'd consider it fair to say a market is a way of humans self-organizing, but a market is not an organization in any common sense of the word.
- thrw42A8N 2y ago
  "Organization" (verb) doesn't necessarily result in "an organization" and almost definitely not in something "optimally organized". Your brain is organized and yet nobody planned it and it's definitely not an organization. I also disagree that "an organization" (noun) implies anything other than "a group of people" as described in dictionary. An organization can exist without any planned structure - doesn't stop it from being an organization. In my teenage years I was part of few "hacker" groups (in the HN sense of the word) - we tinkered with computers and had a website with cool stuff, all under our 1337 H4X0R-esque name and logo. We definitely were an organization, but we really didn't plan any structure at all. We just liked tech. See: https://www.merriam-webster.com/dictionary/organization https://www.merriam-webster.com/dictionary/organization