Misdirection Play, Fee Hand of the Market Dept. 0
The Gloomy Historian explains how the concept of the “free market” has become a misdirection play. A nugget:
When abstractions are spoken of as real things, we call it reification. Reification is a semantic fallacy, but its use is sometimes necessary when one wants to communicate complex realities with considerably less words. However, a semantic fallacy, if not challenged, can go on to support faulty conceptualizations of reality, especially once it seeps into discourse. The special problem in this case is that the reification complements an ideology, one that rejects the natural and necessary role of the government in the maintenance of the economy