Kathryn Baecht has written another humorous and satirical piece. This time, the self-regulating market is on the spotlight, as she cleverly dissects the notion of a laissez-faire economy by apologising to her imaginary son for perpetuating the fairy tale of “the invisible hand of the market”.
Some of my favourite excerpts from the article:
We didn’t know that capitalism is a morally bankrupt system that leads to mindless consumption, exploitation of workers and the environment.
We honestly believed […] that a system based on each person exclusively pursuing their own selfish economic interest would somehow ultimately ensure the greater good.
You can read the whole piece here.