Reddit   76092

« earlier    

CMV: We don't have a free market resting on the economic principle that consumers make rational decisions because the multi-billion dollar a year advertising industry urges us to make irrational purchasing decisions. : changemyview
Upvoted: I was watching a Noam Chomsky interview yesterday and he made a really great point, I thought, about the contradiction inherent in our economic system, and therefore our society as a whole.Economics teaches us that consumers make rational decisions, and from this principle we extrapolate economic theory, and justify our "free market" capitalist system. But Chomsky makes the point that the advertising industry (and, by political extension, the PR industry) runs on selling things to people that they really don't need. In a sense, much of our economic system is driven by irrational choices."Advertising has us working jobs we hate so we can buy shit we don't need" - in other words (Tyler Durden).If this is the case, we don't have a free market, and the economists don't have any foundation to their theory that we make informed and rational purchases as consumers.This is a footnote from the CMV moderators. We'd like to remind you of a couple of things. Firstly, please read through our rules. If you see a comment that has broken one, it is more effective to report it than downvote it. Speaking of which, downvotes don't change views! Any questions or concerns? Feel free to message us. Happy CMVing! via /r/changemyview
IFTTT  reddit 
yesterday by josephschmitt
People who manage to grind millions of XP per week, any tips? : TheSilphRoad
People who manage to grind millions of XP per week, any tips? via /r/TheSilphRoad
IFTTT  Reddit 
yesterday by jdoecrow
Hogwarts Tattoo (my first tattoo) : harrypotter
Hogwarts Tattoo (my first tattoo) via /r/harrypotter
IFTTT  Reddit 
yesterday by jdoecrow

« earlier    

related tags

/r/offmychest  2017  ajit  arm  battleforthenet  bm  chairman  college  consumption  de  energy  fandom:yoi  fcc  feminism  funny  ghc  gold-pressed-latinum  haskell  humour  ifttt  internet  investing  irony  justneckbeardthings  justrolledintotheshop  metoo  net  netneutrality  neutrality  news  nintendoswitch  nix  november  onetruegod  pai  pareidolia  presentation  privacy  production  programming  reddit  relationships  sexualharassment  smm  socialism  story  storytelling  timeline  verizon  visualization  waste  whitepeoplegifs  wikileaks  writing  xboxone  youtube 

Copy this bookmark: