https://twitter.com/ProjectLiberal/status/1729138596592935207
the video is basically describing supply chains and how complex it is. see: commodity fetishism labor makes everything. markets are not necessary.
this post was submitted on 29 Nov 2023
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I was first exposed to the pencil thing, then I heard Marx's critique of commodity fetishism and realized how much of economics is just blow-hards.
Adam Smith already wrote about the division of labour in the production of iron pins, it's retreading the same ground but going "isn't it great that we're outsourcing to so many different places that it makes it harder to organize labour"
The pencil thing is retreading something from hundreds of years earlier and ignoring critique since then.
by aimixin