Re:Science is political, and that's a bad thing
by imtringued on Saturday September 03, 2022 @01:45AM
(#32699098)
That is how I feel about economics. It is just there to justify what is already happening, this actually has the counterproductive side effect that people think being wealthy is a reward for good and moral behaviour which is of course ridiculous. There are many ways to become rich and there is nothing about it that requires it to be morally good or fair.
It's like that Debt book from David Graeber where in the beginning he talks about how it is odd that paying debts is supposed to be good moral behaviour as if taking on business risk and failing is a decision that people make voluntarily. It is especially strange because lenders slap on a risk premium on top of their loans because they are fully aware that some are going to default.
It's like that Debt book from David Graeber where in the beginning he talks about how it is odd that paying debts is supposed to be good moral behaviour as if taking on business risk and failing is a decision that people make voluntarily. It is especially strange because lenders slap on a risk premium on top of their loans because they are fully aware that some are going to default.