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.
Oh, wow, your point was even worse then. At least there’s some validity to calling Marxist models outdated, but trying to pull an appeal to authority from the University of Bologna is a pretty big stretch.
Idk man, maybe if you decide to continue your education so you can contribute to your field put a little more thought into the biases in your studies and reflect on the Socratic definition of wisdom?
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.
Oh, wow, your point was even worse then. At least there’s some validity to calling Marxist models outdated, but trying to pull an appeal to authority from the University of Bologna is a pretty big stretch.
Idk man, maybe if you decide to continue your education so you can contribute to your field put a little more thought into the biases in your studies and reflect on the Socratic definition of wisdom?