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90 sats \ 0 replies \ @kepford 19h \ on: An Economic Contagion econ
He probably writes this but they can also happen organically. Just as in nature there are times of upheaval.
It is helpful for me to think of the state as an external force that manipulates a system that is self regulating. By that I mean that businesses that fail to meet or satisfy demand fail. Those that abuse their power over a market sector invite new entrants into their sector. When you actually think about the way free markets work it's beautiful.
The ugly thing is when an external force uses monopoly power to manipulate things to favor those that have bribed the unproductive class(politicians and "civil servants").