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by ajkjk 925 days ago
Well if you need it spelled out: the "invisible hand" refers to indirect social impacts of free markets which are typically meant to be good things. So any example of market-ish behavior causing things that seem incontrovertibly bad, like buying a department chair under the guise of targeted donations to influence policy to (presumably) protect a certain class of actors, is an example of the "invisible hand" doing a bad thing, hence an example of how this "feature" of free markets, often used to defend them, is actually a bad quality.

This is totally unsurprising to most people who aren't directly benefitting from an unchallenged free market and it usually seems like the "invisible hand" is brought up as a bullshit argument by those already in power to justify accumulating more power, so it's a point of bitterness, hence the OP's sarcasm.

1 comments

Bribery is not "market-ish" behavior in the sense that it is connected to capitalism and free markets. But you also mention bitterness, which explains the reactions to my question. I think that means people want to be bitter at the idea of capitalism and free markets, whether or not it actually makes sense in this instance of bribery.
They are naturally and righteously bitter about the annoying status of secretive manipulations in our version of free-market capitalism. Their reaction to you, however, is simply because you are being an obstreperous asshole.
This reaction is uncalled for, especially for hackernews. I've been nothing but level-headed and fair, even though I disagree on the topic.

If you're looking for someone to criticize, you should look at your own behavior: "Fairly obvious, right?" an unsubstantive, smug, miserable response to my question, setting the tone for our interactions.