hamish campbell
boosted
⁂ Article
Theological thinking disguised as economics
In the traditional media and our social reflection of this - “Belief in markets”, is theological thinking disguised as economics. The market is a god, and economists its priesthood. Modern economic discourse treats “the Market” as: omniscient (“the market knows best”), omnipotent (“there is no alternative”), morally authoritative (“price signals reveal truth”), beyond democratic challenge (“don’t interfere, or you’ll anger it”)
It should be easy to understand this […]
