The Market and the Invisible Hand of Coronavirus, By Bunmi Fatoye-Matory - Premium Times Opinion

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Opinion: The Market and the Invisible Hand of Coronavirus, By Bunmi Fatoye-Matory

Coronavirus, which causes COVID-19, probably has never heard of this invisible hand theory. In fact, scientists say the virus is not even a living thing. Yet, it has become a real invisible hand affecting the market, controlling the forces of demand and supply, skewing them this way and that, rewarding some beyond imagination, and leveling others to the point of destruction.The Wealth of Nations

During this COVID era, however, the preference has been for ordering food from casual and fast food restaurants, which is perhaps consumed in unfashionable house wear peculiar to housebound people. All the rituals of fine dining do not fit this COVID moment. Fine dining fares are not suitable for home delivery, with their artfully-designed and arranged meals, which are only fit to be displayed in decorated gustatory theatres with stars after their names.

This is not unlike aale in Yorubaland. Anyone who grew up in Yoruba towns and villages knew not to touch the fruits of a tree on which certain mysterious objects were dangling. There was no mistaken what the intention of the owner was. It is generally understood that stealing anything on which aale was placed was to invite disaster and misfortune on one’s head. The Japanese version worked for Mink Itachibe.

A dear friend in Cambridge, Massachusetts, a scholar, furnished his home solely with the furniture he retrieved from the sidewalk, where they had been discarded to be picked up as trash by the city. Refrigerators, freezers and household utensils are regularly discarded because new ones are affordable enough to enable this kind of waste.

 

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