economic-issues

Discord ID: 513098448640278539


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2018-12-01 22:56:10 UTC

US has had growth for almost 10 years straight. How long do you think it will continue?

https://cdn.discordapp.com/attachments/513098448640278539/518560971665440790/United_States_GDP.jpg

2018-12-01 22:59:01 UTC

US GDP is fake though, cause they aren't making money

2018-12-01 23:01:37 UTC

I honestly don't know how to bridge that gap in understanding

2018-12-01 23:05:18 UTC

Well the US runs a deficeit budget every year and has done so for 20_ years, have over 20 trillion dollars in debt

2018-12-01 23:08:07 UTC

17 years, 21.7 trillion in the hole. GDP is an assessment of the total economic activity of the country.
National debt and spending does effect the economy, but the debt far less so than the spending.

2018-12-02 06:32:24 UTC

You would have less debt if the usa wasnt fo capistalist

2018-12-02 06:32:43 UTC

Insted of funding medicare welfaire ect thro tax

2018-12-02 06:33:03 UTC

Make things more liberterian, privetise

2018-12-02 06:33:18 UTC

What cant b privetised probebly should exsist

2018-12-02 06:33:18 UTC

<:GWworkshopAkaShrug:398886014711496714>

2018-12-02 09:33:45 UTC

There are things that cannot be privatised but are essential for societies, like parks, toilets, hospitals, etc. Thus capitalism works best when there is a lot of free market but the government also is a part of it, aka the public sector.

2018-12-02 09:33:45 UTC

GG @Tranquilise, you just advanced to level 2!

2018-12-02 11:05:57 UTC

Literally all those things can b privetsied tho

2018-12-02 11:05:59 UTC

πŸ˜‚

2018-12-02 11:06:20 UTC

There private toilets alredy where i live

2018-12-02 11:06:56 UTC

And why cant private hospitals b a thing πŸ€”

2018-12-02 12:42:14 UTC

They can be, but they aren't successful, private hospitals for instance still get huge amounts of public funding same goes for most schools. Publicising things makes them cheaper, certain things.

2018-12-02 13:05:21 UTC

1. how do they make them cheaper ?
2. why arent they successful ?

2018-12-02 13:07:07 UTC

Money, money, money, business business business

2018-12-02 13:08:16 UTC

^^

2018-12-02 14:10:18 UTC

Well because the concept of pure market based transaction is supply and demand. And, because the goods that hospitals provide aren't demanded by everyone, there is not enough money to maintain supply, so to do so they have to increase prices to accommodate, Whereas with public hospitals the supply is not dictated by the demand, but by the choice of where the government sees that there is a need for money that is not met by the economical principal of supply and demand.
They aren't successful because they limit customers who can afford it.

2018-12-02 18:22:25 UTC

Seeing far more ideology than pragmatism here.

2018-12-02 19:21:49 UTC

Nice counter argument.

2018-12-04 17:39:42 UTC

Imo nationalisation is a good idea in a lot of sectors like health care and rail but it when you try to apply it to a sector that a free market would work in, that's when it goes wrong

2018-12-04 17:39:42 UTC

2018-12-04 17:54:08 UTC

I'm not so eager on that. Infrastructure sure, health care has issues.

2018-12-04 19:41:26 UTC

@The Lemon Do you mean nationalization, by the definition? Or did you misspeak?

2018-12-04 19:58:35 UTC

I mean taking an industry into government control and having it controlled by the state

2018-12-04 19:58:40 UTC

Like the NHS in the UK

2018-12-04 19:58:40 UTC

2018-12-04 19:59:00 UTC

@The Lemon sounds like communism

2018-12-04 19:59:28 UTC

^^

2018-12-04 19:59:50 UTC

the free market rules supreme

2018-12-04 20:13:02 UTC

Not in trains

2018-12-04 20:13:05 UTC

For example

2018-12-04 20:13:23 UTC

If I want to get from London to reading on the british "free market" rail system

2018-12-04 20:13:34 UTC

How many options of train company do I have

2018-12-04 20:13:42 UTC

The answer is one, I can only go on south western trains

2018-12-04 20:13:56 UTC

Which are notorious for ridiculously high ticket prices and Rampant delays all the time

2018-12-04 20:14:30 UTC

But there's no possibility for a competitor to come in and take their place because there's only one train track and they own all of the trains on it

2018-12-04 20:15:12 UTC

So unless someone was to come and build new train tracks all around the UK (which would be impossibly expensive) SWT are always going to have a monopoly on the trains in that part of the country

2018-12-04 20:15:40 UTC

So even if you do have a "free market" there's going to be a natural monopoly

2018-12-04 20:15:40 UTC

2018-12-04 20:16:23 UTC

Therefore in this scenario its better to have a state owned monopoly where the people controlling it have to answer to the voting population rather than a company which owns the monopoly which cant be ousted by the people and is only trying to make profit

2018-12-04 20:16:45 UTC
2018-12-04 20:16:53 UTC

Obviously this only works in specific scenarios

2018-12-04 20:17:19 UTC

Aka why I didn't say it works all the time

2018-12-04 20:17:20 UTC

It dosen't

2018-12-04 20:17:25 UTC

And that's why communism fails

2018-12-04 20:17:31 UTC

Because communism tries to apply that everywhere

2018-12-04 20:17:42 UTC

But in sectors like water rail and healthcare nationalization can work better

2018-12-04 20:18:54 UTC

Nationalization works in some areas, a free market works better in others

2018-12-04 20:19:19 UTC

No. Governments can limit Monopolies, and that's just fine.
A private Monopoly, can be held accountable for their actions, an entire government can not be so easily.

2018-12-04 20:19:44 UTC

a Monopoly exsists beacuse its good

2018-12-04 20:19:49 UTC

when its bad ppl dont use it

2018-12-04 20:19:53 UTC

and it starts to fail

2018-12-04 20:19:55 UTC

You can't hold a private monopoly accountable in that situation

2018-12-04 20:20:00 UTC

Unless you boycott the trains

2018-12-04 20:20:07 UTC

why not

2018-12-04 20:20:08 UTC

But in that case millions of commuters can't get around

2018-12-04 20:20:21 UTC

if the Monopoly is bad ppl will go to other places

2018-12-04 20:20:22 UTC

Or sue them

2018-12-04 20:20:28 UTC

Who?

2018-12-04 20:20:35 UTC

Also what grounds do you have to sue them

2018-12-04 20:20:37 UTC

Said Monopoly

2018-12-04 20:20:44 UTC

It's not like they intentionally set up a monopoly

2018-12-04 20:20:48 UTC

most Monopoly are created beacuse of govement

2018-12-04 20:20:49 UTC

Its the nature of the rail industry

2018-12-04 20:20:56 UTC

gov regulations

2018-12-04 20:21:00 UTC

that limit busnies

2018-12-04 20:21:14 UTC

Gov regulations can't stop a monopoly in that sector

2018-12-04 20:21:19 UTC

As I said

2018-12-04 20:21:19 UTC

Monopoly give the gov a lot of money to stop other busnesis from taking over

2018-12-04 20:21:28 UTC

exsample - car dealerships

2018-12-04 20:21:30 UTC

and air ports

2018-12-04 20:21:35 UTC

YEah

2018-12-04 20:21:37 UTC

all goverment made Monopoly

2018-12-04 20:21:45 UTC

in capitalisem that cant exsist

2018-12-04 20:21:50 UTC

Those are examples where a free market works

2018-12-04 20:21:53 UTC

cus the gov wont have the power

2018-12-04 20:21:56 UTC

And nationalization

2018-12-04 20:21:58 UTC

to opress busniese

2018-12-04 20:21:59 UTC

But I'm talking about rail

2018-12-04 20:22:03 UTC

Did you even read what I said

2018-12-04 20:22:17 UTC

na i was busy making <#508204267631411200>

2018-12-04 20:22:19 UTC

go check it out

2018-12-04 20:22:22 UTC

πŸ˜‰

2018-12-04 20:22:28 UTC

I said nationalization only works in specific scenarios like heathcare and rail

2018-12-05 01:02:07 UTC

You guys have way too much belief in the free market. Might want to give US history from 1870 to 1910 a look.

2018-12-05 09:48:03 UTC

Wait @TheNobody You think that a monopoly exists becasue it is good? That's almost never the case, monopolies only exist when businesses drive out competitors, monopolies are always bad. Take Singapore for instance, they have the most free market economy and every field has heaps of competition, competition drives down prices, monopolies allow the supplier to price set, especially if they provide an essential good or service. This happened with Martin Shkreli and the aids medication.

2018-12-05 09:54:03 UTC

Simply put, the free market has failures, 4 from when I did economics (income inequality: relative and absolute, positive and negative externalities, public goods and common resources and market power.), and it's a governments role to redistribute resources to fix the 4 failures.

2018-12-05 12:27:42 UTC

Yeah, he takes free market principles to the point where it turns against itself. Monopolies are awful

2018-12-06 01:13:49 UTC

Like bell

2018-12-06 19:44:08 UTC

the answer is

https://cdn.discordapp.com/attachments/513098448640278539/520324586412179477/image0.jpg

2018-12-09 05:28:53 UTC

If they monopolize pot we're even more fucked than we were. πŸ˜‚

2018-12-09 07:26:03 UTC

If they legalise weed the price will go down

2018-12-09 07:26:23 UTC

Free market supreme πŸ’ͺ 😀

2018-12-09 09:35:14 UTC

Also, the government makes a shit load off the new taxes

2018-12-09 10:07:58 UTC

Bad taxes are bad? <:thonkeyes:470272505328959488>

2018-12-09 17:03:59 UTC

It won't be a free market, it will be a regulated market.

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