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 )
> Money is a construct and can collapse. Even just by losing faith in it
yes!!
thank you for catching me up on your thinking, i was curious!
yes indeed, my weekly book club onsite at work did walk in your footsteps, it was in Sep/2023 that we read the "Money: The True Story of a Made-Up Thing" by Jacob Goldstein from Jan/2020
i would say we never nutshelled this book so well as you here now : -)
ouch i slipped into overstating how very little i know - i should've said i only know what i learned from THIS BOOK, from the NPR Podcast > Planet Money podcasts, and from the Freakonomics Podcasts)
Apple iBooks today sells only "Freakonomics Rev Ed" and "SuperFreakonomics"
i gather you recommend both?
i never thought to read the books, as yet i've only taken the podcasts free-of-separate-charge and moved on
p.s.
in economics generally, my attention goes first to how tremendously ignorant i feel about whether i'm collecting fitting wages for my work for hire or not - like have i made my deal proportionally unfair to everyone who doesn't hold my privileges, or is my employer getting my time for too cheap of a price
i guess those books don't much address that question
i am close to soon sharing my wages with two friends offline - they let me listen in while they shared with each other, i'm working up the courage to join in