spenser.xyz

The Natural Order of Economics 08/31/2018

Free markets may feel like a natural outcome because it so closely mirrors the natural evolutionary process.

On one hand, it's easy to look at this fact with admiration - how noble and efficient we must be to mirror nature and applaud the adaptability of our species. On the other, when the fruit trees suddenly stop yielding the fruit we rely on, survival is dependant on us finding an alternative, likely resulting in the suffering and extermination of those NOT finding that alternative. A tribe may die, but the species finds a way to move forward. In order to succeed in the natural, evolutionary, world, the adaptability we admire comes at a steep cost to the individual.

When crafting economic systems, can we do better? Have we done better? Do we even have the agency of design?