https://social.vivaldi.net/@Patricia/112626658364328553
Patricia Aas (@[email protected])
Attached: 1 image @[email protected] oh well, I needed a new book 🤣🤓
Attached: 1 image @[email protected] oh well, I needed a new book 🤣🤓
@[email protected] the “market” isn’t an entity. It’s a distributed system, and a distributed system isn’t a moral thing. It’s a thing that is serving the purpose it’s supposed to serve or not, and usually somewhere between those. And we try to keep it on that path, we don’t sit back and… wait for it to do its thing? And believe it’s Good because… I don’t even know. This is a religion. This isn’t something that can be taken seriously.
> > this idea of believing in a “market” as ...
> > stabilize into a state ... “good”, or even “optimal”
> > That’s bananas ...
>
> that’s on level with worshiping kubernetes
have you looked at how cash works?
why do you agree to take just money to work for hours, not demanding something more substantial?
from where comes your faith that that same money will still be worth anything tomorrow, when you get around to spending it?
why does our whole world pay a tax to the States by pricing money with prices that say the States' promise to have their money buy things tomorrow is a more trustworthy promise than everyone else's, even China's? presently, the US Dollar is our globalized "reserve currency", same as the British Pound Sterling was two centuries ago
( me, all i know of economics is a small subset of what the NPR Podcast > Planet Money teaches, and i've particularly enjoyed their explanations of the role of faith in how cash works ) ( i haven't read Piketty )