9sirtom5 on Nostr: Heh. We are now getting much deeper in the rabbit hole:) This leads to culture, human ...
Heh.
We are now getting much deeper in the rabbit hole:)
This leads to culture, human brain evolution etc. (Basically the human brain is evolved be transactional but in primitive environment of small tribes around 100 people. But nowadays the situation around us is totally different and evolution is not that quick to catch up).
In my point of view free market in pure form is thus sort of utopia in today's world. But still the closer we get generally better it works (BTC for example, or steep increase of living conditions of formerly communist countries after fall of Soviet empire).
What to do on society level again is a bit different question.
I don't have any solution and less so simple and practical solution for the society to work. Clearly going back to life of tribes can't work for huge majority of people.
But again I would always go for less interventions rather then more, decentralization instead of centralization, more personal choice etc. Because this is again closer to what our "prehistoric" brain is sort of capable of managing.
Not sure what exactly are you looking for in terms of sources , since I'm afraid we are again not clear on definition of market self regulation :)
(Simple price increase when something is scarce is self regulation mechanism and we see it all around us; companies offering not longer wanted products bankrupting is self regulation, people moving from old industry moving to new is self regulation...)
For start maybe?
https://mises.org/mises-daily/money-and-state
We are now getting much deeper in the rabbit hole:)
This leads to culture, human brain evolution etc. (Basically the human brain is evolved be transactional but in primitive environment of small tribes around 100 people. But nowadays the situation around us is totally different and evolution is not that quick to catch up).
In my point of view free market in pure form is thus sort of utopia in today's world. But still the closer we get generally better it works (BTC for example, or steep increase of living conditions of formerly communist countries after fall of Soviet empire).
What to do on society level again is a bit different question.
I don't have any solution and less so simple and practical solution for the society to work. Clearly going back to life of tribes can't work for huge majority of people.
But again I would always go for less interventions rather then more, decentralization instead of centralization, more personal choice etc. Because this is again closer to what our "prehistoric" brain is sort of capable of managing.
Not sure what exactly are you looking for in terms of sources , since I'm afraid we are again not clear on definition of market self regulation :)
(Simple price increase when something is scarce is self regulation mechanism and we see it all around us; companies offering not longer wanted products bankrupting is self regulation, people moving from old industry moving to new is self regulation...)
For start maybe?
https://mises.org/mises-daily/money-and-state