MaoistRebelNews on the Rationality of "Markets"

   

The Alternative Hypothesis

 

Published on Dec 18, 2012

Response to:
https://www.youtube.com/watch?v=QxM7jGARN0U

Markets are just people interacting within a legal framework that upholds some criteria for acquiring and maintaining ownership of private (individual or corporate) property.

The capitalist is an emergent planner of "the structure of production", and profit is his wage, determined by "the market" - i.e. people willing to buy stuff. At least that is the theory.

EDIT: I forgot to add, that voting is free. Because no individual's vote will determine the outcome of an election, individuals can vote for social democrat parties and feel good about themselves, when their vote has practically zero impact on the election outcome.

However, when their "vote" does matter, i.e. when they as individuals choose how to spend their individual money, they DON'T give 1/3 of their income to things like medicare, medicaid or income security.

Whereas in their day to day life, parents WILL give money to their offspring, and WILL give money to close friends in need. These are people within the primary unit of ~200 people. This is where "socialism" naturally works. Any professed empathy beyond this primary unit is ideological in nature, which is why people will vote for empathy on that scale (because they're "supposed to"), but won't give their own individual money for it.


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