(1/8) As always @pluralistic writes about exactly what's on my mind a thread 🧵:

My political economy begins by taking F.A. Hayek seriously. I kid you not.

Hayek saw markets as a form of decentralized processing a logical “spontaneous order” that aggregates knowledge. He saw this pattern everywhere, including within the human mind (I'm sure like Dawkins he'd have been one-shotted by Claude).

mamot.fr/@pluralistic/11652724…

#capitalism #economics #markets #oligarchy

Cory Doctorow

2026-05-06 10:49:54

The theory of capitalism holds that markets are a kind of distributed computer that aggregates trillions of decisions from billions of market participants in order to optimize production and distribution of goods and services, creating a "Pareto-optimal" world where no one can be made better off without making someone else worse off.

2/

"Those watching the markets observed massive trades yesterday just before Trump’s announcement. Regulators are currently examining similar trades from one of Trump’s similar announcements last month.”

#Trump #Iran #war #StraitofHormuz #markets #StockMarket #MarketManipulation #InsiderTrading #media
/2

“And, just like that, President Donald J. Trump’s triumphant boasting that the Strait of Hormuz had been permanently reopened has unraveled in less than 24 hours. …

Once again, Trump’s announcement of the opening of the strait seemed timed to give the markets a bounce before the weekend."

~ Heather Cox Richardson

#Trump #Iran #war #StraitofHormuz #markets #StockMarket #MarketManipulation #InsiderTrading #media
/1

heathercoxrichardson.substack.…

April 18, 2026

^{Heather Cox Richardson (Letters from an American)}