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The reason it is irrational is because the very action that helps the business in the short term micro situation - firing workers to cut costs, deepens the very crisis which caused the situation, that is to say decreased demand. It is irrational in the long term, macro level.
That is because the free market is not based on rational self interest, it is based on irrational self interest. It is rational self interest for everyone to work together to overcome a crisis; it is irrational self interest for everyone to cut their loses, deepening the crisis.
And those crisis rarely affect the wealthy, that's why they can afford to deepen it.
I would argue that there are impediments to the free market functioning successfully. The free market gets impeded by individuals acting in their own interest that are counter to the markets interest. In a stateless society they lack the mechanisms to assert their will.
I just know from reading my Deleuze, using his methodology, there are definitely readings of Marx that are pro-capitalism.
Our state of emergency has a stock market ticker on the announcement. Ideology.pic.twitter.com/G13Y86eOoQ
Macroeconomics is rarely taught nowadays.
The madness of crowds.
the free market represents the sum of actions of free individuals, and it is self evident that a free individual will look for his self interest. I mean, even though you are a commie I dont expect u looking for my interests above yours. If u do, tell me cuz i need to cover losses
Wow sounds like a deeply flawed system incapable of dealing with social crises
Erm... nope.
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