How Deregulation, Government Guarantees, and Greed Ruined Boeing - eviltoast
  • AnneBonny@lemmy.dbzer0.com
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    11 months ago

    I hate biased, ivy league, self-serving economists pretending to be and having the gravitas of scientists when they declare this intentionally corrupt, thieving economy to be the optimal system for distributing goods and services to the society it is supposed to be in service to instead of the other way around as it has become.

    People compare academic models to real world scenarios without considering whether the underlying assumptions made in a model are met. A lot of times a free market economy is supposed to have many competing vendors, and there is supposed to be many customers who are all well educated about the marketplace and the product and the prices, and the widgets being sold are all virtually identical, etc. I think there are some good ideas in economics, but it is closely linked to politics and it seems like there are many people who are acting in bad faith, or are otherwise little more than accountants that like to dabble in philosophy.