Much of modern economics borrows from physics. Some of these appropriations, like how the scientific concept of maximum energy has influenced the study of consumer behavior, proved immensely valuable. But somewhere along the way, neoliberals and economic pundits misappropriated a physics concept — the conservation of energy — to fend off any attack on hidden fees or ill-gotten profits.
The Lie Banks Use To Protect Their Late-Fee Profits
Corporations think they’re entitled to sky-high profits, and it’s destroying the economy.
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