UBI is the perfect capitalist solution to the majority of problems. It should allow for less market distortion and could have some really interesting outcomes.
I’m very excited to see a first world country use UBI.
That an externalities can go a long, long way in this world.
Capitalism depends on the threat of homelessness to function. UBI can definitely ameliorate the problems of capitalism, but capitalists will constantly fight it. UBI is also a great idea within socialist economies, where there would be no force against it. We should be doing both - eliminate capitalism and provide UBI.
It kinda does. Do you think people enjoy working for near poverty wages? They don’t. But they can’t afford to say no to poor pay because it’s still better than no pay. If people weren’t worried about becoming homeless they’d demand for higher pays. In that sense capitalism does depend on the threat of homelessness to drive down the wage to make more profits.
But socialism is a stupid inefficient system, so it’s a non starter.
How to say you don’t know anything about socialism without saying you don’t know anything about socialism. I’m going to give you an example of it working on a smaller scale because US kept sabotaging most national attempts to have socialism. Worker cooperatives are socialist and I recommend looking up the history of Mondragon, a successfully ran cooperative for over half a century now.
You guys are really bad at understanding basic economy theory.
It works on supply and demand and assumes that everyone works rationally and with full knowledge.
The invisible hand of the market finding the optimal solution is basically the 0th law of capitalism.
Now economic policy, you’ll be amazed to understand is about fixing inefficiencies that do not allow for optimal conditions. Tonnes of people go learn about what are the issues with capitalism and how to make it better, that’s what economic testing is about. That’s why it’s better than socialism because it’s competitive and strives for change.
If people are forced to work for poverty wages then they are losing their true value and capitalism would be about trying to fix that value. If everyone had UBI that would equate the negotiating position of workers and they wouldn’t have to take poverty wages. That’s why UBI is the capitalist solution to that problem in capitalism. It allows to market to work the way economists want it to work.
Ah, so the economists you paid someone to tell you to read are better than the ones they read on their own.
In short yes. There have been a 1000 years of development into the formal education system. That has lead to the industrial revolution and other other countless things.
Youtube videos are great but it’s not quite the same.
Hey, what’s your contribution to the field?
Fuck all. But it doesn’t mean my knowledge of the field isn’t in the top 1% of the world.
Did you know that the US does not have a capitalist system? In fact, it’s silly to think of “capitalism” and “socialism” as systems at all. They aren’t. They are broad systemic feature sets. You’ve probably heard the phrase “mixed economy”. That’s actually what nearly every nation has, a mixed economy, meaning that we have socialist, as well as capitalist, elements. In fact, without socialist elements, the capitalist elements of our economy would have self-destructed a long time ago. You clearly have no idea what capitalism or socialism even are. That’s fine, most people don’t, it’s pretty much the norm, but now that it’s been pointed out to you, you have a choice: learn, and grow, or be a stubborn fool. Hopefully you choose well.
Haha I have a degree in economics. That why I can see all the shit you tankies write as just plain wrong.
But I’m sure your youtube video on Karl Marx makes you an expert on these things.
People don’t use words as absolutes. America is largely referred to as a capitalist country. My saying that isn’t incorrect. But you can argue technicalities of words all you want, communism sucks or (mixed economies heavily leaning to communism sucks).
UBI is the perfect capitalist solution to the majority of problems. It should allow for less market distortion and could have some really interesting outcomes.
I’m very excited to see a first world country use UBI.
That an externalities can go a long, long way in this world.
Capitalism depends on the threat of homelessness to function. UBI can definitely ameliorate the problems of capitalism, but capitalists will constantly fight it. UBI is also a great idea within socialist economies, where there would be no force against it. We should be doing both - eliminate capitalism and provide UBI.
No it doesn’t
Maybe. But socialism is a stupid inefficient system, so it’s a non starter.
UBI works very well with the market based capitalist system. That’s where I think it will shine.
It kinda does. Do you think people enjoy working for near poverty wages? They don’t. But they can’t afford to say no to poor pay because it’s still better than no pay. If people weren’t worried about becoming homeless they’d demand for higher pays. In that sense capitalism does depend on the threat of homelessness to drive down the wage to make more profits.
How to say you don’t know anything about socialism without saying you don’t know anything about socialism. I’m going to give you an example of it working on a smaller scale because US kept sabotaging most national attempts to have socialism. Worker cooperatives are socialist and I recommend looking up the history of Mondragon, a successfully ran cooperative for over half a century now.
You guys are really bad at understanding basic economy theory.
It works on supply and demand and assumes that everyone works rationally and with full knowledge.
The invisible hand of the market finding the optimal solution is basically the 0th law of capitalism.
Now economic policy, you’ll be amazed to understand is about fixing inefficiencies that do not allow for optimal conditions. Tonnes of people go learn about what are the issues with capitalism and how to make it better, that’s what economic testing is about. That’s why it’s better than socialism because it’s competitive and strives for change.
If people are forced to work for poverty wages then they are losing their true value and capitalism would be about trying to fix that value. If everyone had UBI that would equate the negotiating position of workers and they wouldn’t have to take poverty wages. That’s why UBI is the capitalist solution to that problem in capitalism. It allows to market to work the way economists want it to work.
Ah, so the economists you paid someone to tell you to read are better than the ones they read on their own.
Hey, what’s your contribution to the field?
I’m interested in reading a book of yours.
In short yes. There have been a 1000 years of development into the formal education system. That has lead to the industrial revolution and other other countless things.
Youtube videos are great but it’s not quite the same.
Fuck all. But it doesn’t mean my knowledge of the field isn’t in the top 1% of the world.
Bro, you’re out here saying Marx was a 1000 year old pre-industrial economist… Might want to reconsider your placement in the rankings.
Pretty sure I didn’t say that.
Did you know that the US does not have a capitalist system? In fact, it’s silly to think of “capitalism” and “socialism” as systems at all. They aren’t. They are broad systemic feature sets. You’ve probably heard the phrase “mixed economy”. That’s actually what nearly every nation has, a mixed economy, meaning that we have socialist, as well as capitalist, elements. In fact, without socialist elements, the capitalist elements of our economy would have self-destructed a long time ago. You clearly have no idea what capitalism or socialism even are. That’s fine, most people don’t, it’s pretty much the norm, but now that it’s been pointed out to you, you have a choice: learn, and grow, or be a stubborn fool. Hopefully you choose well.
Haha I have a degree in economics. That why I can see all the shit you tankies write as just plain wrong.
But I’m sure your youtube video on Karl Marx makes you an expert on these things.
People don’t use words as absolutes. America is largely referred to as a capitalist country. My saying that isn’t incorrect. But you can argue technicalities of words all you want, communism sucks or (mixed economies heavily leaning to communism sucks).
It’s literally a capitalist solution it’s so funny.