this post was submitted on 03 Oct 2026
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The "invisible hand of the market" is such a fascinating myth, because it frames the results of capitalist endeavors as inevitable and almost holy - but as soon as the sufficiently wealthy and well-connected suffer a setback, then "government bailouts" are granted.
The invisible hand is actually very visible of you dare to look close enough.
It's not invisible though (despite them wanting it to be). The hand is the culture of the investment banks. They set who the winners and losers are, and if there was one thing The Big Short showed very well, it's that anyone going against that culture is exiled.
The basic supply & demand, “invisible hand of the market” stuff applies at like. A farmer’s market. This is the context Adam Smith was talking about when he made up the invisible hand phrase. If one farmer has cheaper produce than another, he’ll probably get more customers. Anything more complicated than a local farmer’s market is… more complicated.