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Capitalism Has Become An Ideology In Today's America. Here's How It Happened

How Capitalism Dominated America — And Why It Wasn't Inevitable : NPR

COVID-19 has upended one of the fundamental assumptions of economics

Tyler Cowen Guest Columnist Human behavior during COVID-19 has upended one of the most fundamental assumptions of economics, even if economists haven’t yet come around to admitting it. In sum: People are worse at big, important decisions than previously thought, and better at small, trivial ones. Standard economics theory holds that people make relatively good decisions when there is a lot at stake. At the very least, they reason through the problem carefully, even if they do not always reach the optimal result. Alternatively, when the stakes are low, they process less information and their decision-making may be lackadaisical. People do not agonize over which paper clips to buy.

Covid showed that we're bad at big decisions

Human behaviour during COVID-19 has upended one of the most fundamental assumptions of economics, even if economists haven’t yet come around to admitting it. In sum: people are worse at big, important decisions than previously thought, and better at small, trivial ones.

Covid Showed That We're Bad at Big Decisions

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities