this post was submitted on 02 Sep 2023
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Yet another L from Sabine Hossenfelder (youtu.be)
submitted 1 year ago* (last edited 1 year ago) by Ragdoll_X@lemmy.world to c/comradeship@lemmygrad.ml
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Hossenfelder just posted a video titled "Capitalism is good. Let me explain.", and it's about what you'd expect.

Some societal advancement happened under a capitalist system? Well then capitalism must get the credit. She also conflates "capitalism" and "markets" pretty often.

Hossenfelder contends that markets need to be regulated to not be abused by those in power or fuck up the environment, but insists that despite these regulations this is still a free market, and therefore free markets/capitalism are good, we just need to "set it up properly".

She only makes passing remarks about Greta Thunberg and Marx as opponents of capitalism whom you should pay no attention to, and does essentially what economists in the 1800s did: Philosophize about what non-existent "completely rational" consumers and corporations might do, and not look at any actual data.

The like/dislike ratio and the comments tearing into her do give me some hope though.

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[–] AlbigensianGhoul@lemmygrad.ml 11 points 1 year ago

Might be the de Grasse Tyson Effect where one PhD in one field gives them free pass to authoritatively say nonsense in any other field. Pop scientists have this thing for getting too high on their popularity.