The problems neoliberalism fails to solve well or at all are those that affect economically useless (or used-up) people who are not physically or mentally capable of making their own basic $ decisions. It just chews such people up if family/social workers don’t intervene.
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Replying to @Alephwyr
Same thing in a free market since there is no distinction between value and price the system can discern
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Replying to @vgr
Right but that's like saying shale oil wasn't oil until markets found a way to extract it. Even before it started becoming possible to profitably extract it, people were still investing money in owning shale oil lands; disregarding this though, the chemical facts remain the same
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Replying to @Alephwyr
My point is it’s not a failure attributable to malicious intent. It’s a side-effect of “seeing like a market”. Like color blindness isn’t a perverse refusal to see color but a genuine discrimination failure.
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Replying to @vgr
Didn't mean to attribute it to malicious intent, and I hope I haven't done this in a while. It seems to me that it's generally more of a side-effect of lazy probabilistic reasoning that doesn't account for conditional probability or address cases with limited data.
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I think of Ayn Rand's banker Midas Mulligan for some reason, and how he successfully assessed people by their presentation (strong handshake, certain speech patterns etc) instead of just performance. Which is hilarious, but at least demonstrates the principle difference sort of?
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Actually disregard that entirely. What I mean is, very few people out there play Moneyball with hiring decisions. Even the phrase "to play Moneyball" has subsequently come to refer to many practices that were railed against as horrible in Moneyball. And this is probably cognitive
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