Discover more from Learning by Proxy with Vivek Srinivasan
A study of psychology that was created by those with the worst instincts is not going to deliver gold is it?
Economics is a social science that studies the production, distribution and consumption of goods and services.
A huge portion of the foundation of what we call economics today was laid down by the British of the 18th and 19th centuries.
Yes, the very same people who went plundering half the world. The very same people who caused starvation elsewhere so that they could keep shareholder returns coming. The very same people who invented the Opium trade. One can argue that they were not the nicest people to populate the land.
The global financial and economic system today is based on the thoughts of these people. It is no wonder that one of the fundamental assumptions of economics is that man is selfish and you need to appeal to that selfishness in order to get anything done. This is how we arrive at the temple of shareholder value.
Everything bad in this world - Poverty, hunger, exploitation, climate change - is a result of that economics and its relentless drive
Just imagine if Economics was a study that emerged out of Japan!
If you expect the worst out of people, that is what you will get. Economics expects it and it gets it.