brazmogu, 22 days ago

@eniko "Only the most capable and deserving will make it to the top in capitalism"

Meanwhile, in the real world we have CEOs fucking up and leaving with a cozy golden parachute, off to be hired by another company and fuck it up again

j_bertolotti, 22 days ago

@eniko One of the problems with economics is that the assumptions behind those grandiose statements (e.g. perfect knowledge) are seldom stated out clearly. And nobody ever checks if those assumptions are satisfied in the real world.

deshipu, 22 days ago

@eniko It's eventually consistent! (you just have to wait for all billionaires to die off)

justafrog, 22 days ago

@eniko We make more than twice as many clothes as needed, and some people get none.

We make more food than is needed, and some people get none.

We can build however many homes are needed, and some people get none.

We have enough medical supplies for all, and some people get none.

Where's this good allocation they speak of?

c0dec0dec0de, 22 days ago

@justafrog “The Market Can Remain Irrational Longer Than You Can Remain Solvent” and also monopolies will just fuck you ‘cause they can.
@eniko

brouhaha, 21 days ago

@justafrog @eniko It doesn't seem like you understand the meaning of "efficient allocation" as used in the market. It means that the largest share is allocated to the person with the most money, and the smallest share (none!). is allocated to the person with the least money. See, it's extremely efficient! Free markets solve everything, including the concern of rich people that poor people might get something they don't deserve, as clearly demonstrated by their lack of money.