hysterical economists

“There are 28 victims of extortion related to a new modus operandi where a form of witchcraft is established,” said Major Néstor Rodríguez, commander of the Gaula de Santander. According to people who did not understand the process of witchcraft, but believed in its power, the witch began to make decisions for them and they ended up paying a kind of fee.

One could make a comparison between the behavior of the sorcerer and that of the economists who have governed Colombia throughout the last decades. There will of course be exceptions, but the national economic policy and its builders got used to making decisions without anyone questioning anything. Much less those who are not economists. Who could dare to ask about what he does not understand and could not understand. The arrogance grew year after year, from generation to generation. In statements you can read how the market and “rational” economic behavior are spoken of as if it were something natural, a supernatural entity, an unquestionable procedure, respectively.

Market and rational behavior are not natural at all, but are constructed, organized by law, political institutions and regular political intervention. Markets are governed and protected by laws and policies, as well as the spread of social norms designed to facilitate competition and free trade. The market, then, as an organizing and regulating principle of the Colombian State and society. Companies counting dividends and the population going hungry in Barranquilla. Not in the last century, but two years ago. Under this mandate, young people were challenged, for example, as business actors in all spheres of life. Left to their own devices, they were asked to do what needed to be done to take care of themselves. That is why the so-called social outbreak during the Duque government, which was the business honeymoon.

These have been high profiles, men equipped with years of study and an understanding of numbers. But this preparation does not mean supremacy and there are so many other disciplines and knowledge that also require tenacity and work, and can/should contribute to building common dreams. Broadly speaking, the common goal was to induce an entrepreneurial attitude in some elite subjects: to increase their ability to make calculated decisions in business and industry. Pro-market policies have become intertwined with a violent state, private companies have flourished alongside repressive laws, and consumer culture coexists with a lack of shared opportunities.

Now that people from other disciplines are invited to participate in the decisions that shape the present day by day, those who had had a monopoly on these conversations are hysterical. “A new geopolitical theory of metaversic international economic (de)growth is born. This is going badly, very badly, but there is no denying that they are even funny”, says one from mockery and mistrust. “If the idea is to decrease, one already understands the tax reform,” writes another, in order to confuse (no one spoke of decrease in Colombia, quite the opposite). “An economic theory must be confronted with facts, models and calculations, otherwise it remains in the field of economic fiction”, publishes someone who wants to remind us that we do not belong to the conversation. “These utopias promoted by marginal sectors of European universities are a recipe for misery, hunger and suffering”, says another, without really knowing what he is talking about. Daniel Mejía retweets Luis G. Vélez, Luis G. Vélez retweets Jorge Restrepo, Jorge Restrepo retweets Luis G. Vélez, Vélez retweets Mejía. For the first time one, two (and hopefully many more) women ask them to please listen.

hysterical economists