[Link] Why don't people like markets?

GLaDOS

An interesting piece with speculation on possible reasons for why people seem to be biased against markets. To summarize:

Market processes are not visible. For instance, when a government taxes its citizens and offers a subsidy to some producers, what is seen is the money taken and the money received. What is unseen is the amount of production that would occur in the absence of such transfers.
Markets are intrinsically probabilistic and therefore marked with uncertainty, like other living organisms, we are loss-averse and try to minimise uncertainty
Humans may be motivated to place their trust in processes that are (or at least seem to be) driven by agents rather than impersonal factors.

The last point reminded me of speculation from the recent LessWrong article Conspiracy Theories as Agency Fictions:

Do all theories of legitimacy also perhaps rest on the same cognitive failings that conspiracy theories do? The difference between a shadowy cabal we need to get rid of and an institution worthy of respect may be just some bad luck.

Before thinking about these points and debating them I strongly recommend you read the full article.

An interesting piece with speculation on possible reasons for why people seem to be biased against markets. To summarize:

Market processes are not visible. For instance, when a government taxes its citizens and offers a subsidy to some producers, what is seen is the money taken and the money received. What is unseen is the amount of production that would occur in the absence of such transfers.
Markets are intrinsically probabilistic and therefore marked with uncertainty, like other living organisms, we are loss-averse and try to minimise uncertainty
Humans may be motivated to place their trust in processes that are (or at least seem to be) driven by agents rather than impersonal factors.

The last point reminded me of speculation from the recent LessWrong article Conspiracy Theories as Agency Fictions:

Do all theories of legitimacy also perhaps rest on the same cognitive failings that conspiracy theories do? The difference between a shadowy cabal we need to get rid of and an institution worthy of respect may be just some bad luck.

Before thinking about these points and debating them I strongly recommend you read the full article.

Biology, sociology, sexuality, and religion are near-completely dominated by political thinking, especially religion which is basically the same thing as politics. (E.g., I have serious doubts about the standard Darwinian account of complex adaptations, but I can't talk about those doubts for the same reasons I can't talk about my opinions on climate science.) Given what I've seen of your comments I'd have thought this would be obvious to you. LessWrong doesn't seem to recognize it. I don't care whether anti-politics norms are praised or demonized, but I do wish they were applied reflectively and consistently in any case.

Yeah I guess you are right. At the end of the day I just want talking about markets to be OK on LessWrong.

Sorry. (^_^)

-2Hill_Twosome14y

The problem, one thinks, occasionally, in the abstract of Far mode, is that some kinds of politics tend to drag our identities into them, such that if we were wrong about something, then we were the wrong person, and that is absolutely unacceptable. This does not seem to actually happen with biology or sociology so much. So I guess the REAL policy is against one of discussing politics you identify with?

0TheOtherDave14y

Sure, me too. While I'm at it, I have other implausible wishes I'd love to have granted. In the meantime, I generally assume that whenever an organization has a "let's not talk about X because that always leads to unproductive/unpleasant discussions" norm (which is usually), there's a space of privileged positions about X implicit in the resulting conversations which cannot be challenged.

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[Link] Why don't people like markets?

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[Link] Why don't people like markets?

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