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The Market As God (12ft.io)

submitted 1 year ago by [email protected] to c/[email protected]

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Given how important economic thinking is in cryptocurrencies and the world economic system in general, I think this article is very relevant and insightful. I think this is also important, because it also suggests to interpret the overarching "tokenize and economisize everything" mantra in crypto& Blockchain as a continuation of this belief system.

What do you all think?

Here is also a 2007 paper on it: The Religion of the Market

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[–] [email protected] 1 points 1 year ago (1 children)

tldr

"The Market as God" article from The Atlantic discusses how capitalism has become a religion for some people
Argues that beliefs in unfettered markets and efficiency have replaced traditional religious values and principles
Questions if this shift towards market worship results in moral sacrifices and negative consequences on society and individuals
Raises concerns about social inequality and the commodification of human life
Suggests potential need for alternative value systems or a balanced approach between economic and ethical considerations

[–] [email protected] 2 points 1 year ago

Good bot!

Nice to see such bots on Fediverse now as well