Good For One
A single action may seem good for us, but if everyone does the same, the result is bad.
Today's world
A single action may seem good for us, but if everyone does the same, the result is bad.
When media analysts claim that the free market and the Invisible Hand always arrives at the best answer, try to recall the need for competitive markets and their constrained scope.
The Free Market cluster focuses on relationships between the free market, the operation of the Invisible Hand, and the fallacy of composition.
Financially arranged consolidation is not creative destruction. It is the transfer of assets without pension responsibility
We all pay more for less when enterprises violate the integrity of the free market.
It’s easy to overlook, if everyone makes the same choice, the entire system changes.
Are financial talking heads praising the return of free market action? No, they are bemoaning the decline in energy stocks and the change it forces upon the stock market.
A selfish action by one person may be good for that person, but if all people make the same decision - it can be bad for everyone.
Our very, complex economic system has a design without a designer.
The 1% ignore all the societal benefits that accrue to their position, since they don't use them directly.