Comments by "" (@fatpotatoe6039) on "Limits of the Market: Notes on Political Economy u0026 Externalities" video.

  1. That poorer people are more likely to gamble and accept money now doesn't necessarily indicate that being poor makes them attempt higher risk, higher reward strategies including crime; instead I could equally argue that they are poor because they have a higher time preference and are less prudent with their money. Also, I absolutely love your videos and always appreciate the nuance of your thoughts, which is sooo rare and satisfyingly similar, but I think your understanding of political economy could really benefit from learning Austrian economics. It would give you an analytical framework with which to understand economics and political economy better. The dismissal of the notion of an invisible hand as a fiction is a common swipe but I think an understanding of what the invisible hand actually looks like - the operation of the market process as described by the Austrian School - will allow you to understand the issues of political economy in a whole different light; from financial crises, to why syndicalism and libertarian socialism are economically irrational, to the operation of supply chains, to how profit is not theft but a derivative of time preference and entrepreneurial allocation of assets, to how interventions make everything worse and everyone poorer.
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