I’ve posted this video before. Am posting again in part because it is so important re: shaking up thinking about “economy” but also because I’m taking it off “pinned tweet” status on Twitter and want to park the link for it in a spot where I can access it easily to pin again later 🙂
When we talk about raising wages then say prices have to go up we are ignoring the elephant. The assumption everything re: economy has to grow & grow. Not the only way to do it. Time to cut corporate power & stop assuming profits have to go up & up. (1) https://t.co/jzz4kOBR0s— LeighG (@spiritULeigh) August 3, 2021
who can argue with fairness in economics as well as all things but requires an arbitrator that’s the rub as free markets optimize without regulation
Reagan and crew have been showing us what deregulation does for 40 years — I’d hardly call it optimization unless the rich getting richer and the poor getting nothing is considered optimal. Not to me…
Agreed should have been more specific saying “profit” optimization