I can understand the win-win denial completely. In my gut, it stems from at least 3 sources. First, trading something with infinite uses (money) for something with 1 use (anything I buy at a store) feels like a loss, so buying things makes me resentful. 1/3
Why we can't have nice things: most people just don't get, at a gut level, that peaceful trade by mutual consent can benefit both parties, and that free markets offer win-win gains. This psychological roots of the politics of resentment.https://twitter.com/DegenRolf/status/1255846749358391298 …
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Second, of the myriad things I own, I cannot trade any of them to anyone for what I paid for it, even though its utility hasn’t diminished by my owning it (say, the fork in my kitched drawer.) so spending money is a strictly one-way transaction, which makes me resentful. 2/3
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That almost everybody in a dense market transacts at a price BELOW what they would have been willing to pay - microeconomic consumer surplus - is perhaps the least understood beneficial aspects of markets.
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C’mon an evolutionary psychologist should know that status is much more important than wealth, and it is finite
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That nice theory breaks down against vital needs. As soon as somebody needs something to survive (food, shelter, medicine) and somebody else has the power to grant it or withdraw it, free markets are revealed for a lie. It works for luxury, though.
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Traditionally this is resolved by a third party with weapons and an indifference to needs who takes a cut of all transactions.
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Come from an Austrian background and am very sympathetic to the market process: Would you please cite a historical or contemporary example of a free market?
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Yeah, we got a lot of cheap shit that lasts half as long as the American stuff that's twice as expensive And China got our middle class wealth, a powerful industry, money to grow their military and the ability to challenge the US' world hegemony which could lead to our collapse.
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This is especially a problem for the current president.https://twitter.com/JPdeRuiter/status/1096115929069555718?s=20 …
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I would guess that a lot of people do see the benefits. However they also intuit that if they naively accept everything offered on that basis, they are vulnerable to manipulation, exploitation, and fraud. Thus the avoidance. We know it and we want it only when proven.
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