As UC Berkeley economics professor Brad DeLong put it to me: You get famine if the price of food spikes far beyond that of some people's means. This can be because food is short, objectively. This can be because the rich have bid the resources normally used to produce food away to other uses. You also get famine when the price of food is moderate if the incomes of large groups collapse.. In all of this, the lesson is that a properly functioning market does not seek to advance human happiness but rather to advance human wealth. What speaks in the market is money: purchasing power. If you have no money, you have no voice in the market. The market acts as if it does not know you exist and does not care whether you live or die. De Long describes a marketplace that leaves people to die - not out of malice , but out of indifference. Annalee Newitz
Some Similar Quotes
  1. The problem, often not discovered until late in life, is that when you look for things in life like love, meaning, motivation, it implies they are sitting behind a tree or under a rock. The most successful people in life recognize, that in life they... - Neil Degrasse Tyson
  2. And sometimes I believe your relentless analysis of June leaves something out, which is your feeling for her beyond knowledge, or in spite of knowledge. I often see how you sob over what you destroy, how you want to stop and just worship; and you... - Unknown
  3. The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom. - Isaac Asimov
  4. I'm sure the universe is full of intelligent life. It's just been too intelligent to come here. - Arthur C. Clarke
  5. A man who dares to waste one hour of time has not discovered the value of life. - Charles Darwin
More Quotes By Annalee Newitz
  1. Are we not witnessing a strange tableau of survival whenever a bird alights on the head of a crocodile, bringing together the evolutionary offspring of Triassic and Jurassic?
  2. How many times had Paladin looked into this human face, its features animated by neurological impulse alone? He did not know. Even if he were to sort through his video memories and count them up one by one, he still didn't think he would have...
  3. As UC Berkeley economics professor Brad DeLong put it to me: You get famine if the price of food spikes far beyond that of some people's means. This can be because food is short, objectively. This can be because the rich have bid the resources...
  4. Millions of nerdy kids who grew up in the 1980s could only find the components they needed at local Radio Shacks, and the stores were like a lifeline to a better world where everybody understood computers.
  5. Io9 was the last standalone site that Gawker Media ever launched. It was born at a time when many of the company's other famous sites, from Consumerist and Wonkette to Fleshbot and Idolator, were being sold off or shuttered.
Related Topics