I seem to remember “learning” about the invisible hand of the market, I assume most people in the west are subjected to this? So why do they claim this is not the case? I think it’s more likely that some people might see this explanation for what it is: a spiritual force decides who hungers and who lives in luxury. Then you can choose to believe in the morality of this, like the monarchs did.
I’m pulling this out of my ass, because it’s just a random thought. The “price signals” are doomed to be imperfect. People are only able to put in more “consumption” signals, if they have the funds to do so. Once out of money, all their other needs go not only unmet, but also “un-signalled”. There has never been a situation where everyone was able to put in all of their signalling. Is it even possible?
On the other hand, people who have more funds than they can ever spend, put in inflated signals for dumb shit noone needs. Great fucking miracle you got there. I guess the rail leads directly from Bezos house to the fuckin airport and nowhere else. Who’s gonna feed the children?
I think you’ve definitely got part of it with the signalling thing. It’s also worth noting that people can only really spend money on what is available to purchase, and that their depiction of profit completely whitewashes issues of parasitic middle-men, regulatory capture, pumping stocks, and so on.
I seem to remember “learning” about the invisible hand of the market, I assume most people in the west are subjected to this? So why do they claim this is not the case? I think it’s more likely that some people might see this explanation for what it is: a spiritual force decides who hungers and who lives in luxury. Then you can choose to believe in the morality of this, like the monarchs did.
I’m pulling this out of my ass, because it’s just a random thought. The “price signals” are doomed to be imperfect. People are only able to put in more “consumption” signals, if they have the funds to do so. Once out of money, all their other needs go not only unmet, but also “un-signalled”. There has never been a situation where everyone was able to put in all of their signalling. Is it even possible?
On the other hand, people who have more funds than they can ever spend, put in inflated signals for dumb shit noone needs. Great fucking miracle you got there. I guess the rail leads directly from Bezos house to the fuckin airport and nowhere else. Who’s gonna feed the children?
Adam Smith’s original term, best that I recall, was “the Invisible Hand of Providence”; so it’s always been spiritualist bullshit
I think you’ve definitely got part of it with the signalling thing. It’s also worth noting that people can only really spend money on what is available to purchase, and that their depiction of profit completely whitewashes issues of parasitic middle-men, regulatory capture, pumping stocks, and so on.