Say
This isn’t the gotcha that you think it is. Inflation is kept at a positive number on purpose. Deflation causes a self-reinforcing spiral that brings everyone’s wealth down. If inflation is too high that’s a problem too, but it’s less of a problem than deflation.
… With that said, the huge amount that prices have gone up recently is caused by corporate profiteering, which is a serious issue that needs to be addressed.
A sane economic take on lemmy?! Blasphemy.
I’ll add this; Stop buying shit. I’m not talking rent and food. I’m talking “consumer confidence” stuff. If you don’t need it to live, stop.
Example; Ammo got wildly overpriced. So we stopped buying. Like magic, prices tanked! Ain’t that crazy?
Of course that’s stupid oversimplified, but the basic idea is sound.
Locally, people were bitching about Taco Bell’s quality. OK. Stop buying Taco Bell. They’ll either crash (that store) or correct. Win-win.
I would love a legislative way to stop corporations from wildly profiteering off our asses, but I don’t know what that looks like.
The corporations are absolutely aware that people have stopped being price conscious.
I understand everyone who can afford a $6 case of coca cola can also afford a $12 case. At some point you have to just choose not to buy it, or the price will just keep rising.
I mean, you are the one making the logical fallacy of assuming they are defending the exact opposite… They’re basically just saying, “inflation bad”, and you come in and say, “deflation bad, too!”.
OK? They weren’t defending deflation? You even admit inflation has been out of hand lately…
You spelled “corporate market manipulation” wrong.
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Doesn’t that mean that deflation is favorable to the rich however, and inflation is favorable for the working class?
Deflation makes what we already have more valuable, so people who have the most would see their net worth go up the most. In contrast however, inflation means the people hoarding wealth would see their net worth go down. The purchasing power for the wealthy only gets higher in deflation.
This would suggest that inflation is actually to the benefit of consumers when it’s kept within check. The money they earn is more valuable relative to their net worth. Or rather, they don’t have as much of a loss to their assets.
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Get your reason outta here and support a centralized economy like the rest of us!
Efficient at extracting wealth from humans
This doesn’t seem like a correct use of this meme. I’d even allow for something other than the standard “Aliens” if it was something equally ridiculous or nonsensical compared to the first statement, but this isn’t even following the format.
This is the correct use of the meme because the criticism is dumb lol
It’s just misused by OP because he took it seriously
I really, really, really like this image. You mind if I save it?
It’s not my job mage. Save away.
Fair point.
Because it’s efficient at transferring wealth upwards.
Normally a strong democracy with multiple parties, checks and balances would help stop this. But the new META in economics is to just buy politicians to do your bidding for you. Kinda hoping the Supreme Court will patch that at some point, but it’s not looking likely.
I would be a social democrat for just that reason. But with climate change looming, my options have narrowed.
Definitely harder to patch out features then bugs.
It is efficient, in increasing the wealth of the wealthy.
I am not even saying that capitalism is remotely acceptable but prices going up doesn’t imply inefficient of the system. Inflation could be a reason and inflation says nothing about efficiency.
Shit on capitalism. Be my guest. Just don’t make bad arguments.
I thought they were coming at it from a supply & demand angle.
Inelastic demand on food and housing yet prices still go up.
That might be the case but generalized statement that are wrong, are wrong.
Don’t generalize to the point of failure of your point. Especially in public, the in-group might understand you but the out-group will misunderstand and judge you and your ideology based on their misunderstanding.
Ok explain why the prices in my local supermarkets go up every three weeks. Go ahead. Whats the argument.
I’m not an expert in macroeconomics but I’d say some global effects are likely due to the invasion of Ukraine (global exporter of wheat) ABC News and US Gov, the rising price of oil (some fertilizer uses fossil fuels)NBC, and possibly that the world has changed due to Covid and that a lot of things had shifted along with it CNN. A country that once was in the top 5 of grain exporters dropping off the global map is going to shake things quite a bit and oil unfortunately affects so many different markets.
Thank you for the explanation :)
I know all this. We can go through all sorts of explanation to see why, it still does not make it okay.
Let’s say for the sake of the argument and not remotely because I believe it is the case nor any other reason than for the sake of the argument, your prices go up due to inefficiency, that doesn’t change the fact a increase in pricing doesn’t prove inefficiency. Just that sometimes it is the reason.
My pet is a dog. Not all pet are dogs. The existence of pets doesn’t prove the existence of dogs nor are all pets dogs.
Do you keep paying those prices every three weeks? There’s your answer.
We need water, so uh, what do you think lmao. The cost of necessities going up and still paying for it doesn’t equate to it being acceptable, bootlicker.
You’re paying for water at your local supermarket?wtf is wrong with you?
What kind of fucking moron gets water from a supermarket?! If you have to buy water from a shop, why don’t you get it from a distillery? Fuck you’re dumb and deserve everything wrong in your life.
People like me with specific diseases or issues need a specific brand we can get from supermarkets or the source itself. I cant drink filtered tap water or other stuff or i might actually die. Ever thought about that scenario? To me water is medicine and absolutely an expense. Back the fuck off and tone it down with the swearing. Shame on you! Username checks out. Don’t bother replying you are blocked.
this is some stupid bullshit. if he thinks there’s magic water, he’s insane.
but mostly, he fucking retarded, because I said “distilled” and he ignored that, and wrote “filtered”, so that he could strawman to “win” an argument about how he’s not dumb as shit.
jfc, people. this is why Lemmy sucks.
On the contrary, this is the proof that it is efficient. The right question to make is: Efficient for whom?
Optimized for what objective? Whose objective?
I realize this isn’t really the place for this discussion but capitalism doesn’t know what the word “efficient” means. Is it efficient to have to buy the same thing twice? Is it efficient to only make cheap shitty and yet still overpriced versions of everything for the consuming public, shit that is designed to fail? Is pollution efficient? Is ruining everyone’s lives efficient? Pointless jobs? Rich people? These things are efficient the way fucking for virginity is efficient. The way Elon’s Twitter has been efficient. The way shitting the bed is efficient. Which is to say, it’s really fucking not.
Capitalism is effective at cleaning up inefficiency, at least if it’s allowed to run its course. Twitter, for instance: if it crashes and burns, all the talent in there will be free to move to doing something better instead. If it somehow succeeds, that’s a more obvious net benefit as well.
Is it efficient to only make cheap shitty and yet still overpriced versions of everything for the consuming public, shit that is designed to fail?
Why do people buy cheap and shitty things?
Is it efficient to have to buy the same thing twice?
What is this referring to? Obviously not efficient.
Pointless jobs?
That’s a total waste, and these would be removed in an efficient market.
Rich people?
In a free market system, rich people happen because they’ve provided something that others want, or made good investments.
Is pollution efficient?
Pollution is indeed a problem that require global solutions. CO2 markets, for instance, are a thing.
Is it efficient to have to buy the same thing twice?
capitalism is only good at stealing wealth from the working class
What about space travel? Preclaimer: I’m a physics student. Before SpaceX and Indian companies, one ESA launch cost like 500 million dollars, which was impossible to achieve for scientists without direct ESA funding. Now, suddenly physicists can launch small satellites with less than a million.
and do you genuinely attribute that to capitalism or is that a necessary process that comes with developing a new technology and the infrastructure and expertise to operate it
do you genuinely not believe that that would have happened anyway
i’m sure it’d be hard to disentangle all the influences and come up with hard numbers for “how much” “capitalism” “contributed” and how much farther along cheap space flight is than it would have been under some nonexistent alternative system for which we have no real world examples, but to suggest space flight would not have gotten any cheaper than its initial price would be a tough position to defend, let’s put it that way.
And then let’s put it another way. Do you not think that a focused society, one run properly and without corruption (ie not human), could develop space flight faster, safer, and cheaper, than it could do while burdened with a bunch of greedy thieves who spend more of their resources on bribing politicians, lining their own pockets, and lying to the public about their products through the marketing department than they do on actual technological development?
Capitalism’s shit, m8. Just one big lie from start to finish with not a redeeming moment in between. It’s a vampire and you’re its food. Do you care if your food has opinions?
The system is working as intended.
The rich get richer
… The system is working as intended.
Efficient at producing profit, is essentially what it means. The definitions are utterly twisted.
Which in a properly competed market equals producing wealth for everyone.
Oh you cad, it does not mean that and you know it.
The free market is an illusion at this point. The monopolies killed it.
I think you may be right.
Capitalism isn’t concerned with efficiency, merely the most direct route to monopoly.
Wish more understood this.
It’s efficient at exploitation
Companies that are structured to maximize short term shareholder value need to make extra profits at all costs.
Supply lines were strained during the pandemic, which led to drastic price increases. Supply lines stabilized and the pandemic subsidized. Prices didn’t go down? Why?
Because the companies that set prices need to make more money this quarter to make the shareholders happy. And they bribe the politicians and the judges and the regulators to control the system at every level.
These rich assholes doomed our world to destruction and our “leaders” were too greedy and small minded to stop them.
Enjoy the ride down
Because “number go up” is all the system cares about. Damn you living creatures for opposing it. The system shall prevail.
Wow. There ignorance in this thread is something. Lemmy doesn’t understand economics, at all . Bitcoin bruhs have it all figured out I guess.
Economists don’t understand economics. It’s all made up, it’s practically a cult religion.
“We’re wrong about economics. But because we’re all wrong in the same way it kinda works.” ~Mark Blyth, political economist
