Cory Doctorow on Nostr: For members of the "efficient market" cult, reality's stubborn refusal to behave the ...
For members of the "efficient market" cult, reality's stubborn refusal to behave the way it does in their thought experiments is a personal affront. Panged by cognitive dissonance, the cult members insist that any market failures in the real world are illusions caused by not doing capitalism hard enough. When deregulation and markets fail, the answer is *always* more deregulation and more markets.
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Published at
2024-06-13 22:32:41Event JSON
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