Conversation

Notices

1. Embed this notice
   Tariq (rzeta0@mastodon.social)'s status on Monday, 17-Mar-2025 01:20:21 JST Tariq

   in reply to

   Example 1 - the senior academic economist who wrote the course says there is a debate about climate change caused by industry. That there is a "probability" it is real. And insurance is the best way to deal with its impacts, if any.

   Example 2 - they think of poor people as being trapped if they get a welfare safety net. So take it away. Make sure there are "incentives" (threats) to work. This is ao simplistic that it isn't serious - it can only be a prejudice dressed up in academic framing.

   • Mr Magoo repeated this.
   • Embed this notice
     Tariq (rzeta0@mastodon.social)'s status on Monday, 17-Mar-2025 01:20:21 JST Tariq

     in reply to

     Example 3 - individual selfish behavior is at the very core of progress. So who's going through build roads, water pipes, schools? The ideology totally negates the idea that humans might want to do something because it is good or beautiful or nerdy. A huge amount of scientific discoveries happened like this, not for profit seeking.

     Example 4 - they frame the public sector as a tax on the rest of us. Wtf? Who invested in the research that made possible his smartphone? The public sector.

   • Embed this notice
     Tariq (rzeta0@mastodon.social)'s status on Monday, 17-Mar-2025 01:20:22 JST Tariq

     I'm forcing myself to work through a course on #economics.

     It's painful. But I'm doing it to better understand their terminology and how they think.

     It's very painful. Establishment* economics is a cynical ideology, not a science, not even an art.

     ( * non-establishment economics exists eg zero-growth economics)

     Mr Magoo repeated this.