this post was submitted on 12 Aug 2024
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cross-posted from: https://lemmy.ml/post/19046336

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[–] [email protected] 5 points 2 months ago

Law of supply and demand dictates

This is the economic version of "assume a spherical cow in a vacuum." An economic "law" is an idealized description of how things work when there are no confounding factors, not a rule the real world is compelled to obey. It turns out the real world is full of confounding factors that make the law too unreliable to predict—or even admit—things the rise of fascism.

It's a beautiful, self regulating communication network

On paper yes, but Jesus Christ, look around you. It's only beautiful if you overlook its fatal flaws.