In the west basic economics focuses far, far to much on creating the most “value” without enough focus on why or who benefits. Macro 101 pushes a ton of comparative advantage free trade shit without any thought for exploitation and impacts. That crap is what got us Walmart and Amazon filling landfills with cheap plastic poor quality products who made a handful of people billions.
MacroEcon 101 is about how markets work pretty much exclusively and understand how these thing happen and the influences that go with them. MacroEcon 102 is about how government intervention is a good thing due to things such as negative externalities or the Free Rider problem. MacroEcon 103 is dependent on where you are and can consist of saying hey the individuals will inform themselves so we should give all power to a “benevolent” dictator.
I prefer my debates about economic theory to exclude Maoism, yeah. I did enjoy Unlearning what macroeconomics 101 taught me, though.
In the west basic economics focuses far, far to much on creating the most “value” without enough focus on why or who benefits. Macro 101 pushes a ton of comparative advantage free trade shit without any thought for exploitation and impacts. That crap is what got us Walmart and Amazon filling landfills with cheap plastic poor quality products who made a handful of people billions.
MacroEcon 101 is about how markets work pretty much exclusively and understand how these thing happen and the influences that go with them. MacroEcon 102 is about how government intervention is a good thing due to things such as negative externalities or the Free Rider problem. MacroEcon 103 is dependent on where you are and can consist of saying hey the individuals will inform themselves so we should give all power to a “benevolent” dictator.