general-n-memes
Discord ID: 649061211849097217
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> I understand that you as a communist may not understand how the free market works, but it is an amazing tool that allocates resources and preference to the highest ability.
no it's highest bidder cus the def for demand if *the willingness and ability to buy a good/service*
@Revolutionaryarmchair Whats the argument for that?
Therefore whenever you raise prices and the quantity demanded drops, you basically exclude access cus this is often due to high prices acting a barrier to purchase
wtf this is like neo classical
not weird neo wickesslian shit or something
Can you prove demand drops and not just purchases.
you mean a shift in the curve?
Yea prove that an increase in prices drops demand by a significant amount, and not just purchases.
cus the problem with economic *allocative efficiency* under a market is that it presumes that wealth/purchasing power is kinda equal
> Yea prove that an increase in prices drops demand by a significant amount, and not just purchases.
quantity demanded
quantity demanded is a particular point affected by a change in the firm/firms'/supplier's price
Can you cite an actual study or data set and not just a drawn together graph with no backing.
Also this graph does not have anything to do with the demand claim.
are you trolling?
me>
?
wait is someone trying to say that markets allocate resources efficiently?
<a:OMEGAROLL:629486397673439262>
```Results indicate that mandatory (voluntary) prescriptive policies focused on outdoor watering restrictions achieve approximately a ten percent (three percent) reduction in aggregate demand. Given the inelastic price responsiveness of households, an average price increase of more than 30% would be required to achieve the same ten percent reduction in water use that the prescriptive mandatory policies achieved. This price increase would imply a 20 percent increase in the average customerโs monthly expenditures on water. ```
water is ofc inelastic in PED cus you know
not very much substitutes for water....
@Mou I'm a market socialist but fuck austrians and neo classicals
yikes
market socialists
y i k e s
I'm post lange
markets suck
I prefer like post hungary free capital markets but complete collective ownershi
can't remember the name
but it was two polish economists who came up with a system I quite agree with
> markets suck
in some cases yes
basically externalities and market failure
in all cases
However, behavioral econ shows that traditional neo classical concept of *market failure* is based on bad abstractions and modelling of human behavior
@Revolutionaryarmchair no, i said is ausfix trolling
oh yea feeewh
cus I actually take econ
markets assign shit based on capital instead of need and therefore suck shit
I like taking econ cus whenever ppl call me *dumb* for being a socialist I just take out the *magic card*
economics is a spook
Mou, market socialists would agree with you on that point, generally. That's why as far as I'm aware, most hardcore market socialists want nationalized healthcare and decommodified water and housing at a baseline level.
(The capital versus need bit, not the economics being a spook bit)
> markets assign shit based on capital instead of need and therefore suck shit
in an abstract model, they assign based on the highest bidder and what receives most profit, so productive efficiency as a sacrifice of basic environmental integrity (more negative externalities) and allocative efficiency as mainly allocating based on *consumer demand* which is both impossible to properly aggregate (Sonnenschein-Mantel-Debreu conditions) and is biased towards those with higher wealth/purchasing power
dynamic efficiency is pretty based tho
spook
๐ป
stop
cringe
posting
```market socialist```
```cringe posting```
> minimax
I think u dropped this chief ๐
> material balance
I think you just went larping to stirner without actually reading *ego and it's own*
```If a currently unsuccessful enterprise is prevented from attempting to raise capital in the market in order to restructure its operations, including branching out into other more promising fields, or cannot be taken over by a more dynamic firm which sees latent opportunities, strict application of the market rules of the game would actually lead to gross inefficiencies: not only would those enterprises unable to recover go out of business, but also those with good prospects although in temporary difficulties.```
brus and laski gang
spook
i can't read
<:VIBECHECK:641780385042268181>
<:Really:644892122784464937>
<:hmpf:644892023844896798>
I don't have the internet
you using the public library or something?
also why do you have nitro then?
I don't have eyes
so you have like a voice control system that blind ppl use?
and able to play europa?
pretty based if you're not lying
I'm lying
but that would be kinda based tho
<:pepeWow:639844545017806878>
all blind ppl adjust their accessibility settings to include some kinda voice text thing
there's this *economist* (more like gold standard larper but ok)
who uses a text machine
that has an audio function which reads written text for him
cus he has dyslexia
blind ppl save money on light bulbs
substantiate?
that was the weirdest way to say wdym
lmao
people who are sufficiently visually impaired have no use for light bulbs when home alone
no substantiate means *prove*
elucidate means wdym
@Dodger101 I took that the other night
It turns out the left really is anti-white
Don't tell SOLO
nerd
Can't you see, Loki is #1
yup
soon
I'm the leader of the KND
Wait does this mean i'm fat
Marc is a dirty adult
lol
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