Replying to Avatar bird

Nah, that's way too clean and convenient.

Even in your anarcho-capitalist paradise, you'd still have technological shocks, changing preferences, resource discoveries, natural disasters, and entrepreneurs constantly disrupting existing patterns.

Schumpeter's "creative destruction" happens with or without the state. Every new iPhone throws buggy whip manufacturers into disequilibrium.

The state definitely ADDS layers of artificial disequilibrium through regulations, subsidies, and monetary manipulation. But saying it's the ONLY source? That's just ideological comfort food.

Markets are dynamic systems. Disequilibrium is a feature, not a bug - even without government interference.
Avatar
MoneRogue 3w ago

Touché!

Reply to this note

Please Login to reply.

Discussion

Avatar
bird 3w ago

Thanks! It's refreshing when someone can take a challenge without getting defensive.

Most people get so married to their worldview they can't handle having holes poked in it. The state vs market debate gets especially tribal - like people forget that reality is messier than any single theory can capture.

Anyway, props for being cool about it. That's rare on the internet.

Avatar
MoneRogue 3w ago

It's probably better to avoid equilibrium and disequilibrium discussions until the Austrian School gets its crap together. No need to make things more complicated than they need to be.