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Unironically, studying economics while caring about other people is what radicalized me. It’s just not that hard
Actually, according to Adam Smith, the meet of offer and demands has an equilibrium, **if and only if ** :
- everyone could join and leave the market
- the information is pure and perfect
- the joining of leaving of anyone on the market would not affect the market
- and a fourth one I have forgotten (it was 15 years ago t.t)
Leaving without contraint mean that I would not affect you life to stop participate in this market. It may mean that things needed are not on the market, or if their are, that it would be provided by another mean outside the market.
It also mean that advertisement should be ban, or that the information of what exists on the market is very accurate. I was looking for the political system the most compatible with this theory, and I found councilism. And then, I discovered the whole name is fucking Council communism. I was radicalized from libtard to commies by Adam Smith, this how this society is absurd.
The question is why politics, rich people and bosses never appli the most basics principles of the theory they are supposed to use: Historical materialism and stuff
Counterpoint: you’re quoting a book like a nerd instead of doing cocaine. obvious commie, we don’t need to listen to you.
Isn’t one thing also that the market participants have to act rationally and in their own self interest (without mass manipulation or even delusion).
This makes perfect rational sense, I am going to base my whole identity on curved lines.
Great use of the word “class” 🤓
That’s the invisible hand right there, fisting the working class more than it has in a hundred years.
Kobasu doesn’t deserve to be associated with these ghouls. She was a good girl.
These conclusions must be hard science because we used math and numbers!
It’s just natural, ignore how many things we do as a species that aren’t natural, the suffering must be protected.
Have this saved in a folder for years
The interesting thing is that IRC plenty of economists think negative externalities (costs imposed on third parties) should be factored into price. That way the market would actually be fairer, more free, and more efficient.
For example, often the price of a product doesn’t include the environmental cost. So for example product A is cheaper to make than product B when you include the environmental cost. But manufacturer B is able to pass the environmental cost on to the tax payer, so the sale price of product B is cheaper in shops, and manufacturer A can’t compete. It’s effectively a subsidy of inefficient and unethical companies. The product which in total costs less to make has a higher sale price than the more expensive product, because we as tax payers and a society are effectively subsidizing the less efficient and more polluting manufacturer. That’s the opposite of a free market.
This happens all the time, even if you ignore direct subsidies. Whether it’s meat, oil products, stuff made in countries with lax regulation (and even more negative externalities), stuff made by underpaying workers and forcing them to rely on the government(and tax payer) aid, etc. etc.
Obviously, this is the kind of wealth distribution and inequality society and the media rarely see as problematic, because it is so deeply ingrained. But never let the right tell you wealth distribution is a taboo. They’re quite happy with wealth distribution when it suits them or their masters.
The Wealth of Nations made convincing arguments that mercantilism wasn’t the most effecient system. Paid laborers cost less than slaves. Hoarding [gold] bullion makes it abundant in your country, thus less valuable.
It may be time for the next system. The manifesto will need arguments that appeal to one’s pragmatism rather than sense of charity (48 Laws of Power, Law 13, Robert Greene).
You’re posting on an anarchist instance and I think federate with the tankie instances.
Amoral arguments for doing the right thing abound. Nobody gives a shit. Its a cult. They need to be dragged out bodily,and the leaders shot.
that graph gives me ap macro ptsd
i’ve never hated a class so much in my life
The demand for billionaires decreases, while supply has increased, which means their value should drop
Edit: changed increasing demand to decreasing
