| > That’s not magic or unexplainable. It’s explainable in very easy terms; humans are taking advantage of other humans. I'd argue that the average employer is less exploitative today, and regardless, exploitation can't account for what happened pre-1970. Did a switch flip somewhere among all employers to make exploitation really strong starting in 1971? That isn't magic thinking? > Economic theories are just another form of “god spoke to me, and said for every 10 widgets you produce, I own 9 to exploit for myself”. Sorry, this is nonsense. Someone can have loads of valid complaints about economic theory, but "god spoke to me" is not one of them. I have a theory: the policy changes since the early 70s have all been about shifting downside risk from a credentialed elite to the masses. When upside risk is decoupled from downside risk, and one group of people get to shift their downside risk to everyone else, then we should expect to see wages uncorrelated with productivity, an increase in inequality and less likelihood of upper middle-class and above to fall into poverty. We have observed all three. This tracks with an increase in the regulatory administrative state (especially decoupled from political accountability), the increase in university credentials as a sorting mechanism (and de facto insurance policy[0]) and the number of practicing attorneys[1]. None of this explanation comes "from god," but rather from data. [0]https://www.nytimes.com/2013/01/10/education/study-shows-col... [1]https://associatesmind.com/2013/08/19/historical-growth-rate... |
The public has neither authority or intelligence to falsify it; so yeah it’s essentially the same “believe us cause you have no choice” thinking.
So we end up with specialized collective agency capture based upon the obvious; humans do things. May as well convince them there’s a very specific reason (nation state pride and success) built upon outdated philosophy.
Economists get the order of operations of their math right. They’re just not saying anything that’s mathematically interesting. It’s daily life logistics.
Fake social media accounts are linked to instigating the Zack Snyder JL cut, fraudulent asset value statements come up all the time when it comes to Trump and friends. The valuations economists rely on are made up. May as we’ll be magic.