This is probably the most thought provoking piece on markets I have read in long time .
Victor shvets of Macquaire writes
“About working horses & people ‘There was a type of employee at the beginning of the industrial revolution whose job and livelihood largely vanished in the early 20th century. This was the horse. The population of working horses actually peaked long after the industrial revolution… there was always a wage at which these horses could have remained employed. But that wage was so low that it did not pay for their feed’, Brynjolfs