In terms of allocating scarce goods, I agree that the market economy is pretty decent, but it also has known failure modes that I’m sure you’re familiar with. One of them is that certain things, such as childrearing, or work on repealing the Jones Act, are undervalued by the market because no one on the other side of the transaction captures enough of the value to pay accordingly. Angela Davis cheekily asks how much less productive our economy would be if our workers were not potty trained.
When it comes to things like reproductive labour and childrearing, I also think it’s hard to get the market to not undervalue those things without capturing them more (ie subjecting them more to market dynamics), and I don’t want them to be more captured, so there really aren’t any good moves here imo.
When it comes to repealing the Jones Act, Balsa Research is soliciting patrons.
In terms of allocating scarce goods, I agree that the market economy is pretty decent, but it also has known failure modes that I’m sure you’re familiar with. One of them is that certain things, such as childrearing, or work on repealing the Jones Act, are undervalued by the market because no one on the other side of the transaction captures enough of the value to pay accordingly. Angela Davis cheekily asks how much less productive our economy would be if our workers were not potty trained.
When it comes to things like reproductive labour and childrearing, I also think it’s hard to get the market to not undervalue those things without capturing them more (ie subjecting them more to market dynamics), and I don’t want them to be more captured, so there really aren’t any good moves here imo.
When it comes to repealing the Jones Act, Balsa Research is soliciting patrons.