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    phiofx (phiofx@hachyderm.io)'s status on Monday, 12-Feb-2024 17:30:18 JSTphiofxphiofx
    in reply to
    • Jack of all trades
    • Kyle Montanio

    @FantasticalEconomics @jackofalltrades an extra challenge is that the current system is far from what it pretends to be. Milton Friedman defended the obsessive pursuit of monetary profit by saying that if you dont want private interests to pursue an X with negative externalities, you should just outlaw X. This ignores the reality of deep and pervasive political corruption, where acquired economic power shapes the conditions for its own further concentration and political influence.

    In conversationabout a year ago from hachyderm.iopermalink
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