Post #3162946
2023-09-01 21:17 UTC
@jackofalltrades@mas.to
invisible hand ...
economics Is another religion ...
Replies (1)
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@bignose@theblower.au 2023-09-01 22:31
@dibi58@this.mouse.rocks And like most religions, the vocal mass of its proponents have never read the books from which their slogans come. It does not support their ideology nor their claims. Adam Smith was quite clear that the "invisible hand" of the market is *not* going to eliminate the damage of deliberate deception and greedy market actors. https://www.eastonbh.ac.nz/1998/10/what-adam-smith-really-said-about-the-invisible-hand/ @jackofalltrades@mas.to