There, I said it.
But I am not alone. Two of the richest people in the world agreed.
So maybe economics, afterall, is not the answer to all problems as economists would like to belive it (does that include you, Mark?)
The first day of my economics class, the instructor promptly used variously examples to show that the essential purpose of economics is to solve basic problems of the world — food, shelter, clothing… etc. for people. But yet in a capitalistic system, it’s been theorized that 80% of the people would be poor if market were to determine everything.
A scary thought indeed.