• Rom [he/him]@hexbear.net
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    9 days ago

    Price caps are genocide, Hamas is doing genocide, Uyghurs are being genocided. They say this shit so when actual, real genocide gets pointed out (as perpetrated by Israel) they can pretend the word doesn’t mean anything anymore because of “both sides” so people can just ignore it.

    Insidious shit, and absolutely intentional. They know what they’re doing.

    • LarmyOfLone@lemm.ee
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      8 days ago

      Hey, it’s corporate genocide of poor innocent healthcare industries. It’s just a new type of genocide after cultural genocide. You know the one perpetrated on evidence based science (climate change) and liberal values (equality).

    • sodium_nitride [she/her, any]@hexbear.net
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      9 days ago

      Kind of embarassing that I even know this, but their reasoning goes

      1. Lower prices => lower profits
      2. Lower profits => lower quantities supplied
      3. Lower quantities supplied => people will die from lack of medicine

      And if you assume that the supply is lowered enough, then tons of people die and it becomes genocide. Of course, the flip side of this that this person completely ignored is that price distortions can also occur in the other direction, where prices are high enough to entice more than sufficient production, but so high that it limits purchases from consumers. Currently, the American medical industry is firmly in that side of pricing (as evident by the fact that the rest of the world has much lower drug prices* and no shortages of drugs).

      *even if you account for wage differences.

      This is all econ 101 theory. Often times, you barely need to remember 101 shit to dunk on these so called “economics students”, who didn’t even properly learn the bourgeois version of the theory, only how to party and act arrogant online.

      • WhatDoYouMeanPodcast [comrade/them]@hexbear.net
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        9 days ago

        If something like that happens, it’s not the price control doing morally reprehensible killing, it’s the system and ownership of the means of production using them irresponsibly doing the killing. Maybe things that save lives don’t need a market to tell you they’re an important societal good.

        If I try to escape an open air prison so you start doing an ethnic cleansing of that prison, we’re not in equal footing in terms of being bad.

        • DragonBallZinn [he/him, they/them]@hexbear.net
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          9 days ago

          The biggest selling point for a command economy is literally the housing crisis.

          goku-halal: “Can someone care to explain to me why we have a ‘housing shortage’ and rampant homeless problem yet as far as commodities go, housing is one of the most in-demand products? What do you mean market forces are stopping construction companies from making a killing and also lowering housing costs for everyone this should be a labor and capital win-win!”

          How is the housing crisis real? Just plan your economy lmao.

          • sodium_nitride [she/her, any]@hexbear.net
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            9 days ago

            We already live in a planned economy (the free-market absolutists will tell you all about government interventions in the housing market). In fact, pretty much all modern large scale industry runs on the principles of planned economy. The problem is that the economy is planned by the capitalists and their lackeys. What we need is nationalization.

        • sodium_nitride [she/her, any]@hexbear.net
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          9 days ago

          Obviously that goes without saying. The best solution is single payer healthcare and a nationalised pharmaceuticals industry.

          However, a poorly implemented price control will fuck your economy and general welfare unless you have a communist economy and transcended money.

      • polpotkin [none/use name]@hexbear.net
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        9 days ago

        I want to provide a bit more insight to the brain of this guy. They really beat the 1970s oil crisis into you at GMU as an example of price controls creating shortages. On top of this, the negotiating power of pharmaceutical companies is usually greater than a governments. Drugs are priced not by how much a consumer is able to pay but by how much the government doesn’t want their population to die, which is why you see drug prices in the $100k range. Pharmaceutical companies will happily let people die to get a better bargaining position.

    • DragonBallZinn [he/him, they/them]@hexbear.net
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      9 days ago

      frothingfash: “Well you see, you’re hurting porky’s freeeeeeeeedumz! It’s his property and he has every right to do whatever he pleases! You gotta learn to live and let live, man!”

      Also frothingfash:“Racism is bad? Who cares about icky morals! According to my calculashunz, giving the specials like me privileges over you yucky untermench, if not removing you entirely makes the good results happen! You can’t let sentimental morals get in the way of The Objective Reality^TM”

      Also also frothingfash: “ Why yes, I also think that integrity is for the weak and that it’s only logicalTM to embrace lies that serve your interests, why do you ask?”

  • ShimmeringKoi [comrade/them]@hexbear.net
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    9 days ago

    God damn I feel bad for kids trying to build their personality these days. Wildly alienated with just the shittiest building blocks to work with, so half of them pick a set of deliberately incoherent politics as their bio because they want you to think they have some secret wisdom that makes it make sense, and so they can imagine your monocle popping out in shock upon reading it. This sucks man, just get a hobby and pick a musical genre, because everybody has been sick of the Benedict Bandersnatch counterintuitive genius shtick for like 8 years now and doing it about how poor people should just die is genuinely fucking repulsive.

    Addendum: I have viewed the other screenshots in this thread and no longer feel bad for this person in particular

    • ShinkanTrain@lemmy.ml
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      9 days ago

      I’m not like other guys, I like Metal AND Taylor Swift. Isn’t that unique and special? Tell me you think I’m cool.

      • Acute_Engles [he/him, any]@hexbear.net
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        9 days ago

        Unfortunately that was unique and special for my generation. It’s a lot more common now. For a while it was shorts, tall socks, sandals at the death metal show too. Now those are both just normal occurrences.

  • mayo_cider [he/him]@hexbear.net
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    9 days ago

    The only econ students I’ve met who actually had a material understanding of economy had it despite their education, not because of it

    • eyyImwalkin [none/use name]@hexbear.netBanned
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      9 days ago
      1. find out where grok scours data from
      2. make a spambot that talks about chud stuff but also talks about eating tide pods and really toxic elephant dewormer
      3. ???
      4. profit