Comments by "Harry Stoddard" (@HarryS77) on "Converted Libertarian Nails the Psychology of the Right" video.
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+The Movie Dealers
That line is the same kind of market mysticism that Burke spouted in the 18th century:
"Market is the meeting and conference of the consumer and producer, when they mutually discover each other's wants. Nobody, I believe, has observed with any reflection what market is, without being astonished at the truth, the correctness, the celerity, the general equity, with which the balance of wants is settled" (Thoughts and Details on Scarcity).
But while markets, that is, markets in a capitalist context, are great at providing loads and loads of stuff (dog beds, 20 different fragrances of handsoap, 100 kinds of SUV) the market is very inefficient at providing other things, like meaningful choices, a clean environment, fair working conditions. For example, say that people in some Third World island nation have a demand for maintaining their coastline against the encroachments of climate change—will a supplier appear?
It isn't just a question of available technology, but the kinds and uses of technology that a capitalist arrangement is prepared to invest in. The easy profit of the internal combustion engine delayed with catastrophic consequences the invention of cleaner locomotion; broke up the nation's public transit (a conspiracy for which GM had to pay pennies); and segregated people into self-contained packages—the suburb, the car itself— not unlike the products for which they shuffle to the store to buy buy buy.
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