Science/Environment Modern Economics = Grow or Die, The Tipping Point?
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The Coup
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Being economically free is not a good thing. It is literally an award for the rich people who can best exploit the vast bulk of their nation with the least amount of repercussions.
It's a horrible thing to be "good" at.
Being the most "economically free" is like being the most "sexually free", but if "sexually free" meant "free to rape whoever you like without anyone being allowed to criticise you"
The Coup
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Capitalism is the proven worst system of all, over thousands of years.
Capitalism means big corporates are allowed to get so big that the entire system would collapse if they fail.
Communism means corporations can't even exist.
Do the ******* math. Stop regurgitating News Limited shitmouth bollocks and pretending you've had an original thought in your life.
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Ok Stalin. The main reason that corporates get so big is because over regulation creates barriers for new competitors to enter the marketplace. That is why the Big 4 and Woolies & Coles dominate their respective industries. You can't compete against companies who are protected by governments. Too big to fail is a poor excuse that increases the divide between the rich and poor.
Btw, if this applies to you, The Federal Reserve is a foreign owned bank.
Freo2012
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The reason the Big4 and Woolies and Coles are so dominant in their industries is not primarily due to over regulation creating barriers to entry, it is costly in any industry anywhere to "instantly" be competitive with big businesses - there are very many others in those industries, just not on their scale. But over regulation does hurt small to medium sized business. The reason those companies are so big is because the government bodies have never taken seriously the anti-monopolisation rules and mechanisms which are at their disposal (already in place), and thus does favor big business.
A fairer system would reduce some of the regulatory hoops that small business has to cope with and also impose further law on restricting size and power of large organisations - IMO the result would be greater competition and innovation, and a more resilient and fairer economy to all.
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Snake_Baker
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How economists rode maths to become our era’s astrologers | Aeon Essays
By fetishising mathematical models, economists turned economics into a highly paid pseudoscience
aeon.co
An economists job is not to predict. Its to make good policy. You cant predict the actions of numerous global leaders responding to uneducated populist whims.View attachment 877099
View attachment 877100
How economists rode maths to become our era’s astrologers | Aeon Essays
By fetishising mathematical models, economists turned economics into a highly paid pseudoscience
owen87
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Making good policy using predictions you mean?
No. You dont need to make predictions when you are the one in charge of the policy. As you are the one driving the outcome.
owen87
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How do you think they decide what the outcome should be...
Logic. Historical empirical observation as well but mostly mathematical logic.
owen87
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So you use observation and mathematical logic to form policy that predicts future outcomes. Thanks.
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