Supply and demand, one of the mythologies of economic society. The invisible (sleight of) hand, where…

Supply and demand, one of the mythologies of economic society. The invisible (sleight of) hand, where questions of power and justice disappear inside equilibrium equations. If there’s not enough supply of something (e.g. cars),…/1 #auspol #covid19aus https://t.co/phKHEWBwCx

…the price becomes astronomical to…um…screw the people who need the cars? Australia is desperately short of affordable housing (huge demand), and so the supply of affordable housing has…um…never been lower. The country has a critical shortage of workers in key…/2

…service jobs, so (the theory goes), salaries in those jobs are skyrocketing, to attract more people into them. (Errr, or we’re desperately looking to get visa-slaves back again, is what’s actually happening.) There’s huge demand for a pandemic-free life, so the market is…/3

…supplying just that. Errr, actually it’s supplying ‘living with Covid’. The Economy is entirely politics, a strategic, non-existent actor invented by conservatives to bypass politics. It has to go, and the first step is seeing that the Emperor wears no clothes. /end