One of the most encouraging things I've noticed, now that the initial shock is wearing off, is the number of different organizations (both for-profit and nonprofit) starting rapid ad hoc collaborations to attack some aspect of the Covid-19 problem.
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And we shall call that the Market
I like markets, but this isn't really an example of one. The for-profit companies aren't doing this to increase sales. They're effectively behaving like nonprofits.
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IMO it's a mistake to consider that the market is limited to for profits agents. The market is what happens outside the sphère of state power. What makes a market entity IMO is - multiplicity of agents - lack of centralized head for the agents - private-initiated
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I think in terms of three systems: market, private-voluntary-collective, state-owned. I am happy in a system which adopts the first two (market and private-voluntary-collective) and minimizes the third (state-owned) as much as possible.
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Which companies specifically? Maybe they fear their customer base wil shrink? Brand equity for once this is all over? Doing feel-good stuff at a discount?(instead of taking profit then spend it on feeling good?)
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Is it that surprising that they'd want to save their friends and families from dying? Do they need an ulterior motive?
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Market = people freely cooperating for mutual enrichment. Mobilising against a systemic threat = people freely cooperating for mutual enrichment. They're behaving like market actors.
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Survival is Enrichment... too.
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Companies or people doing well now, have the incentive to help at a short-term loss, to avoid major social changes, which can have bigger effects on them.
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Profit doesn't have to be monitary. A market is simply a voluntary agreement between at least two people. If I have something you need and I volunteer to give it to you in exchange for money or just a good feeling, a transaction has occurred and a market exists.
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true not usually, but in USA common discourse, at least, "market" has been narrowed to mean for-profit
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I kind of disagree. There is good will, yes... but I can tell you there is a lot of creation going on. To the tune of “what can we do to survive”. What can I do to adjust my model to work in the new paradigm. Make yourselves “essential”, or support people who are.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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