So plutocrats need to find ways to get turkeys to vote for Christmas. One important trick is to convince us all that the system is fair, guided by an #InvisibleHand that performs mystic passes over our heads at birth and locates the very best of us and elevates us to the apex of the social pyramid.

But there's a problem with this: plutocracy is self-sustaining.

5/

😂😂😂😂👀 #twitter #invisiblehand
#cagematch #competition #adamsmith

https://www.semafor.com/article/07/06/2023/twitter-is-threatening-to-sue-meta-over-threads

Silicon Valley Bank is seized by US after historic failure https://apnews.com/article/a24b28b3caeede91c76cd120aa9b7966
#siliconvalleybank #InvisibleHand #FreeMarket #CreativeDestruction

Why do we get #scam phone calls and scam texts? Why is so much #labor and potential #productivity wasted?

It's #MisallocationOfResources - and the cause is #capitalism.

When there are few #legal means of making a decent living, the choice is either #poverty or illegal #work - and it's still work.

#market #MarketEconomics #UnitendedConsequences #PropertyLaw #InvisibleHand #FreeMarket #BrokenWindowFallacy

@vekku @SrEstegosaurio A free market exists only as a concept in the mind - in the real world they are shacked and regulated to prevent the worst excesses of greed and inhumanity. “Free Markets” have NO business providing aged care, child care or any other sort of care or basic utilities. They also should not be providing news and information where that information is manipulated by an algorithm more interested in profit than the truth. #invisiblehand #freemarket #adamsmith

#Insulin manufacturers #murder #diabetics with #PriceGouging

https://old.reddit.com/r/LateStageCapitalism/comments/zjyq2x/remember_when_this_was_an_unbelievable_plotline/

#capitalism #market #InvisibleHand #WisdomOfMarkets #plutocracy #poverty #scarcity

Fascinating first two episodes of a three-parter #Freakonomics #Podcast on the "real" #AdamSmith. Going beyond the free market rethoric #InvisibleHand, it includes his moral philosophy.

Maybe I really should read both his books once.

#Economics #WealthOfNations #FreakonomicsRadio
525. In Search of the Real Adam Smith
https://podcastaddict.com/episode/149644845
526. Was Adam Smith Really a Right-Winger?
https://podcastaddict.com/episode/150019120

Fascinating two-parter #Freakonomics #Podcast on the "real" #AdamSmith. Going beyond the free market rethoric #InvisibleHand, it includes his moral philosophy.

Maybe I really should read both his books once.

#Economics #WealthOfNations #FreakonomicsRadio
525. In Search of the Real Adam Smith
https://podcastaddict.com/episode/149644845
526. Was Adam Smith Really a Right-Winger?
https://podcastaddict.com/episode/150019120

“Turns out the #invisiblehand of the market is, sometimes and unpredictably a 45-metre-long deep-sea #siphonophore arranged in a feeding spiral, trailing its deadly #tentacles #pleasuring itself…”

@Tibor @OCRbot #invisiblehand

Inspired from:

"Unless you are happy to entrust the future of life to the mercy of quarterly revenue reports, you need a clear idea what life is all about."

— Yuval Noah Harari

#harari #InvisibleHand #MeaningOfLife #FreeMarkets

Exposing the Financial Costs of Climate Change—and Denial of the Climate Crisis – Mother Jones

As a warming planet brings economic tensions to a boil, following the money can reveal some critical stories.

https://www.motherjones.com/environment/2022/10/exposing-the-financial-costs-of-climate-change-and-denial-of-the-climate-crisis/

#ClimateChange #ClimateCrisis #InvisibleHand #Capitalism

There should be a book with the title

The Big Attitudes directing the Invisible Feet: Billionaire Prop

It could explain away all the interviews and other events by Musk, Trump, Bezos, the Starbucks guy, the VIrgin Airlines guy and all these other people you want to ignore but they keep imposing themselves into your attention...

#EKHunt's #TheInvisibleFoot model for explaining markets just as well as the #InvisibleHand could tie the study together.

Die Sendung #Zeitzeichen von #WDR5 deckt auf, dass der #Kapitalismus, wie ihn Adam Smith in seinem Hauptwerk "The Wealth of Nations" beschrieb, eigentlich als #Aprilscherz gemeint war. Ich habe das schon immer geahnt.

https://www1.wdr.de/radio/wdr5/sendungen/zeitzeichen/smith-104.html

#satire #trickedowneffect #invisiblehand #kapitalismus #volkswirtschaft #neoliberalismus

Freie Marktwirtschaft ist ... wenn irgendwo im Hamburger Hafen ein paar Container mit Fidget-Spinnern vor sich hin verrotten. #invisiblehand