Comment by gonzo41
2 years ago
Did you get raised reading only economic and game theory texts? Real people in the real world don't have as much agency as you'd like to think. Sometimes you take the job that you can get. See Amazon warehouse workers.
2 years ago
Did you get raised reading only economic and game theory texts? Real people in the real world don't have as much agency as you'd like to think. Sometimes you take the job that you can get. See Amazon warehouse workers.
Obviously not, a trained economist would know about market failures.
A lot of good feedback in this thread that is making me reconsider my opinion, but to answer this specifically, no. I didn't have much of a thought on economic theory until I started frequenting this message board and I was enamored by the liberties offered by the free market as spouted by highly rated HN posters, as well as essays and long-form articles that have been highly upvoted on this site.
In Bangladesh they required government passing and enforcing new laws to end lead contamination of turmeric powder which had been ongoing for years and poisoned the entire population. Government responsibility is not government overreach. If the government merely warned the population and left it to the free market, the sellers would continue to sell contaminated turmeric while claiming it is free of contaminants. If left purely to the free market, eventually consumers would put an end to lead contamination, by creating a new government that enforces laws against lead contamination.
https://web.archive.org/web/20231204184119/https://www.econo...