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The Invisible Hand of the Market Has You By The Balls
#28
RE: The Invisible Hand of the Market Has You By The Balls
(January 4, 2015 at 4:39 pm)Dystopia Wrote: The invisible had is not what some people think it is. Only a complete moron would argue for a total free market. Labour laws are a limitation, by nature anti-market and anti-competition between workers (preventing a race to the bottom) but are a tremendous necessity - It's also funny that economics has never proven that a lack of stability and rules both in the workplace and general quality of life work against profit and revenue, as well as GDP increases.

Right, it's almost the naturalistic fallacy to think 'the invisible hand' is always good. It's the same sort of self-organization we find in ecologies and involves a principle similar to natural selection. It works by eliminating what's not efficient. But maximal economic efficiency isn't the only human good. It's important to understand that other goods will have an efficiency cost, but as long as the value of the good exceeds the human cost of the lost efficiency, it makes sense to choose it, both morally and economically.
I'm not anti-Christian. I'm anti-stupid.
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RE: The Invisible Hand of the Market Has You By The Balls - by Mister Agenda - February 19, 2015 at 12:20 pm

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