Kyle Montanio on Nostr: "Free markets ensure resources are put to the best use for society, that is to say ...
"Free markets ensure resources are put to the best use for society, that is to say resources are allocated efficiently."
This common #economics refrain is bullshit.
Take the life sustaining climate with its infinite value - seriously, consider how many trillions we are spending to try to get a handful of people to live on Mars, then realize how dependent they would still be on Earth - that markets value at next to nothing.
This is sufficient to know #neoliberalism is dead wrong.
#TeachEcon
Published at
2024-07-06 14:13:57Event JSON
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