It goes back to the old Invisible Hand theory. Adam Smith claimed that competition in the marketplace would force producers to produce only what people want (so they can sell it). They would also produce at the lowest possible cost without undue profit to keep prices down (so competitors can’t steal their customers). These are… Continue reading Cooperation Through Competition?
There’s no such thing as free markets. Never has been. Never will be. The Invisible Hand is a figment of economists’ imagination. Sure there’s a hand — on the levers of power — but it’s only invisible because the private sector doesn’t allow for transparency. There’s no such thing as non-socialism. There’s no country that’s… Continue reading Stop the Machine
The economy works relentlessly to ensure that nobody pursues a meaningful life. The central mission of a capitalist market economy is to persuade each and every one of us to suck in as much material pleasure (called “utility”) as we possibly can — and to serve others in the process as little as we possibly… Continue reading A Vertically-Radical Manifesto
I refer to that period of history, and that movement called The Enlightenment. It happened around the 18th Century. The Catholic church was at a low point at the time, wielding excessive power with excessive rigidity. The rising Protestant churches were still feeling out their protest ideology. Major thinkers were looking for escape from the… Continue reading Unenlightened and Proud