Talking to My Daughter About the Economy: How Capitalism Works – and How it Fails
ALOUD @ Los Angeles Public Library
00:00
The Price of Potatoes, Is the Price of the Potato Market
People have been conditioned to think that if you give price incentives, people will do the same thing they were doing without them. This is the process of commodification and marketization. We must not extrapolate from the potato market to the rest of social life, social and economic life. There are many important contributions to society that people make every day that keep us our communities alive, our lives happy. And so my daughte was aying, so give me an example. So tell me about that.
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