Peter Joseph is a filmmaker & author; host of the podcast Revolution Now! and one can support his work through Patreon.
It’s a strange feature of modern civilization that we’ve come to revere something as impersonal, as blind, as mechanical as the market, and yet speak of it as if it were an organism—a kind of invisible brain coordinating human life. Economists and pundits, policymakers and CEOs, all repeat the mantra: the market knows best. The invisible hand, they tell us, guides production and consumption, balances scarcity and demand, and through the simple act of buying and selling, humanity collectively discovers what is valuable. It’s an elegant fantasy—the notion that chaos yields order, that selfishness yields harmony, that money itself is an intelligent signal of what should be.
This is a companion discussion topic for the original entry at https://peterjoseph.substack.com/p/the-myth-of-market-intelligence