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Current time: November 1, 2026, 3:31 am
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The Invisible Hand of the Market....Again
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It's as though you were a creationist claiming that eugenics and Nazism are by-products of the wide acceptance of evolutionary theory. The 'invisible hand' is a metaphor used by neoclassical economists to describe the self-regulating nature of a market economy. Corporatism is not a free-market institution. I recommend that you become at least passingly familiar with classical economics before you start attacking it.
Yeah, cause that law sure doesn't deserve to be attacked. Instead lets focus on the miss use of a word in the title
RE: The Invisible Hand of the Market....Again
February 3, 2014 at 9:34 pm
(This post was last modified: February 3, 2014 at 9:41 pm by Gish.)
I think that it is a given that the law is ridiculous. My post makes it clear that I hold corporatism in contempt. It doesn't change the fact that at best, Minimalist has been misinformed; at worst, he's being disingenuous. Moreover, this isn't the first time that Minimalist has made this mistake. Check out the 'Possibly Related Threads...' box below.
What will PETA do now?
 (February 3, 2014 at 8:35 pm)Gish Wrote: It's as though you were a creationist claiming that eugenics and Nazism are by-products of the wide acceptance of evolutionary theory. The 'invisible hand' is a metaphor used by neoclassical economists to describe the self-regulating nature of a market economy. Corporatism is not a free-market institution. I recommend that you become at least passingly familiar with classical economics before you start attacking it. Self-regulating my fucking ass.  (February 5, 2014 at 4:49 am)Creed of Heresy Wrote:(February 3, 2014 at 8:35 pm)Gish Wrote: It's as though you were a creationist claiming that eugenics and Nazism are by-products of the wide acceptance of evolutionary theory. The 'invisible hand' is a metaphor used by neoclassical economists to describe the self-regulating nature of a market economy. Corporatism is not a free-market institution. I recommend that you become at least passingly familiar with classical economics before you start attacking it. Free markets are amoral, not bad, not good just money making machines. That is why they should not be a part of any agency that requires compassion. You can fix ignorance, you can't fix stupid. Tinkety Tonk and down with the Nazis. 
An invisible hand that you can actually see. Wow. Once again Min, you misuse terms. Quoting from Wikipedia:
Wikipedia Wrote:In economics, the invisible hand of the market is a metaphor conceived by Adam Smith to describe the self-regulating behavior of the marketplace. Individuals can make profit, and maximize it without the need for government intervention. Bolding mine. I mean, can you get more wrong with your terminology that this? You post a link to a story about a government passing laws that make it a crime to try and hurt business profits, and then try to claim this is an example of the marketplace operating without government intervention? Ridiculous. 
Is it prohibited by the free market to use your resources and your willing allies to force others to play by your rules?
Slave to the Patriarchy no more
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