Post by account_disabled on Mar 8, 2024 22:59:16 GMT -5
Adam Smith enlightened the society of his time about the foundations of economic progress. What is surprising, or perhaps not so surprising, is that in the middle of the century of enlightenment he explained the functioning of the market by the action of an invisible hand. It must be remembered that the economy was one of the few things that seemed to be in the hands of men, through state intervention. It was called mercantilism. Most of the rest of the sciences (in reality, economics was not yet a science), were based on religious conceptions that consolidated knowledge as immutable. With greater explanations, in line with the development of economics as a social science, this invisible hand of the market has served to explain what would otherwise be mired in uncertainty. In any case, the existence of unclear waters is already known to have always helped some fishermen optimize their catches. But also so that, in the absence of better explanations, all kinds of conspiracy theories spread to explain the unexplained.
This has been the case until we have reached the current, and incomprehensible, electricity bill , for example. When it comes to scrutinizing the reason for the monthly bill amount, the mission becomes impossible. If we were before the century of enlightenment (since we are talking about electricity), it would be enough for the explanation to be "by the grace of God", as it was said on the old peseta coins to justify what Franco did , but now they try to explain it another way. It consists of multiplying and adding a series of data that appears on the invoice but that, the arithmetic part, is the simplest. What is inexplicable is Australia Phone Number the origin of those figures that must be added and multiplied. I don't know if the electricity bill is, now, one of our main problems or it is just a summer snake. But perhaps it is showing an underlying problem and it is the real possibility, or not, that politics can intervene effectively in matters like this. Because reason is lost in a sea of ​​provisions, regulators, electricity pools , production, distribution and marketing companies and various intermediaries.
In the end there is only the presumption, not the explanation, that it is the invisible hand of the market that makes the price of electricity rise when there is greater demand. But that doesn't work anymore. The ideas of illustration have become more and more important and people are interested in transparency and knowledge and not in the invisible. Especially when it affects parts as sensitive as your pocket. Not even the algorithms that process big data and that have replaced the "beyond" as a source of knowledge and basis for decision making, can constitute an explanation understandable by the majority of people, that is, by citizens, consumers, clients or whatever you want to call them. Because the electricity bill not only has to be paid by university students with specialized degrees but also by any neighbor's child. But, also, because algorithms are not blamed by the devil, but by something worse: humans who process them based on certain criteria that usually respond, as Adam Smith said, to their own interest and that, as we are seeing, that does not It produces the common benefit if not the increase in prices, which obviously does not seem to have anything to do with the common benefit. But, even if big data were as neutral as stuffed animals, we must know what it is for: to detect trends and not exceptions.
This has been the case until we have reached the current, and incomprehensible, electricity bill , for example. When it comes to scrutinizing the reason for the monthly bill amount, the mission becomes impossible. If we were before the century of enlightenment (since we are talking about electricity), it would be enough for the explanation to be "by the grace of God", as it was said on the old peseta coins to justify what Franco did , but now they try to explain it another way. It consists of multiplying and adding a series of data that appears on the invoice but that, the arithmetic part, is the simplest. What is inexplicable is Australia Phone Number the origin of those figures that must be added and multiplied. I don't know if the electricity bill is, now, one of our main problems or it is just a summer snake. But perhaps it is showing an underlying problem and it is the real possibility, or not, that politics can intervene effectively in matters like this. Because reason is lost in a sea of ​​provisions, regulators, electricity pools , production, distribution and marketing companies and various intermediaries.
In the end there is only the presumption, not the explanation, that it is the invisible hand of the market that makes the price of electricity rise when there is greater demand. But that doesn't work anymore. The ideas of illustration have become more and more important and people are interested in transparency and knowledge and not in the invisible. Especially when it affects parts as sensitive as your pocket. Not even the algorithms that process big data and that have replaced the "beyond" as a source of knowledge and basis for decision making, can constitute an explanation understandable by the majority of people, that is, by citizens, consumers, clients or whatever you want to call them. Because the electricity bill not only has to be paid by university students with specialized degrees but also by any neighbor's child. But, also, because algorithms are not blamed by the devil, but by something worse: humans who process them based on certain criteria that usually respond, as Adam Smith said, to their own interest and that, as we are seeing, that does not It produces the common benefit if not the increase in prices, which obviously does not seem to have anything to do with the common benefit. But, even if big data were as neutral as stuffed animals, we must know what it is for: to detect trends and not exceptions.