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by notgoodenuff88 3118 days ago
The definition is easy: by market efficiency, people mean time (labor market being the only market Adam Smith concerned himself and invisible hand being a reference to how the people themselves will tacitly protect their own interests).

And right now, the sense is that we're spending a lot of our time in jobs that overwhelmingly benefit a rich minority, which is not time spent well it.

When our ability to focus on self-preservation is being expropriated, people revolt

This interpretation isn't even up for debate, IMO. It's been investigated by biologists, neuroscientists, psychologists, medical doctors, philosophers, logicians, mathematicians, physicists, computer scientists.

A curious omission: economists. Very few of re-known willfully admit their own field is being twisted into undermining the majority for the minority.