Doc Edward Morbius ⭕​ · @dredmorbius
2082 followers · 14677 posts · Server toot.cat

@pluralistic Thanks for this, it's useful and desperately needed.

"Vote with your wallet" is part of the "market it harder" solution mindset to market failures. And it Does Not Work.

I'd only started to realise this in recent years. One mention from about a year ago at HN:

news.ycombinator.com/item?id=2

It's also helpful to remember that private enterprise also has a regulatory capture problem, though there it's called the or just straight up

And it's taken seriously when it's enacted against stokcholders and financiers.

#PrincipleAgentProblem #fraud #VoteWithYourWallet #BullshitIdeasThatMustDie #neoliberalism #marketfundamentalism #MarketFundamentalists #libertarianism #GetPolitical

Last updated 3 years ago