Lanhdanan
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Oct 13, 2020 11:06 AM
Lanhdanan
92453
3414
232
Calthebold
"just let people have food" How about you spend all year growing some nice vegetables and then give them away for free?
WhaaatDa
Huh?
OneUpperSteve
Human hunger isn’t real either. Think about it, without people, people wouldn’t be hungry /s
Lazarillo
This is true. That's why I know that I, at least, will never have to go hungry.
stiof95
The economy is real, the stock market is not the economy. Those on the right and left need to stop conflating the two.
DomeGuy
Executives just need to stop lying about the latter to boost the former.
Heliogabalus227
My buddy calls it the rich people’s feelings meter. That’s about as near to real as it gets.
CorneliusCornwall
All praise the line! The line demands a sacrifice!
Gotbread
Today i bring you: 25 goats, oh line!
TripleLock
Just because you don't understand how something works doesn't mean it's not real. I had no idea there were economic flat earthers.
greggor
The line is an indicator of how good things are. You’re mixing up cause and effect. That’s like getting mad at the doctor for your diagnosis
sjbrooksy7447
Economics!
pastelteapot
Saying the economy isn't real is like saying math isn't real, we just made it up.
theyar
Well that's kinda true. But it's like saying "math is made up, just engineer a better energy source without it."
LincLoud
Douglas Adams; basically the opening line of Hitchhiker's Guide discussing how people on Earth are sad & try to move green paper to be happy
NopeNopedyNopeNope
If you have to save on food, rent is the problem. Those prices are through the roof and contribute to the disparity between rich and poor.
leodavinci1
You try making something you want to sell that everybody wants... but nobody wants to pay for. See how well that works out for you.
BootsDusty
Nukls
The Moneymakers are making money. No worries
CloakerJosh
We need the line! How else do we know if things are good?! /s
JustAnotherLinkInTheChain
When did /s start to mean sarcasm?
dmjalund
since forever, man 's
kebertxelaturdferguson
GREEN LINE GO UP! GREEN LINE GO UUUUUUUUUPPPPPPPP!!!
Carnwenhau
soromon
I'm reminded of Yossarian moving the Bomb Line in the book Catch-22. The recent adaptation was actually really good - find it on Hulu/Prime.
G0MeatCube
How about this... things are always bad until they are good
jewru
We have mocked our Economy. And now the Economy has cast its vengeance upon us all!
BakingMaybes
She did it. She solved everything
Lanhdanan
Just don't be the way that you are. Easy!
ImperatorAurelian
And this is why basic economic literacy is important. The economy isn't a "magic line". Its the allocation of supply to meet demand.
ImperatorAurelian
If you do not understand this, you're a fucking moron. Maybe invest in a new degree. Or even a basic google search.
Feralarchon
The girl who thinks the only reason famine exists is made up fantasy lines is telling people to grow up?
somethingsomethingusernamey
No, the economy is real, it measures how much we output.
4EverZw
I think you lose credibility once you use the phrase 'born... against my will'. Can anyone point out a human who wilfully chose existence?
neilwatkinsfromaccounting
Lazarillo
All of us are willfully choosing existence for the moment. We could quit if we wanted to. I know I intend to when it becomes inconvenient.
4EverZw
It's a fine line. I don't like encouraging suicide, so tried to specifically speak to no ability to choose birth vs. not.
Lazarillo
Nonetheless if my birth was a mistake, it's nice to know I can fix it.
RodinMaths
your birth wasn't a mistake. you're here for reasons and yeah, your life can always be fixed. hope you're having a beautiful day :))
RuthGatorBinsburg
If she asked to be born, I'm sure her parents would have said "No."
LeopoldButtersStotc
Damn Ruth.. lol
Pokemonmemo
FourLegsGood
I'm sorry but this comment demonstrates how utterly illiterate people are on economics. If the rich bought stuff in proportion to how 1/
FourLegsGood
Much money they have then working people producing those goods and services would get more in compensation. The rich hoard money. It's 2/
FourLegsGood
That instinct that makes them capitalists in the first place. That hoarding instinct drives wages down by design *and* as a side effect. 3/3
Markamanic
They're not really buying useless shit, they're hoarding it offshore, draining the economy. But when line down its our job to fix it.
RampantRabbid
Many offshore accounts are actually worth fk all. Netflix laundromat. Money isnt real. Its a fiictional item growm to enslave
MayaMacabre
SunBrolem
They don't just buy material goods with that money. You could never spend it all. The only thing you need that much money to buy is power.
ItsBobBelcher
Orrrrr save it in trust funds and property for posterity? Just a thought that isn't evil...
jdasler
https://moneywise.com/a/richest-person-spends-his-billions
SunBrolem
Also, "pizzas for meetings". This whole thing stinks of trying to make him look like "just one of us" and its gross.
SunBrolem
Item ten. He bought the Washington Post. A news outlet is now his, personally. This is exactly what I mean.
NursePaulFlowers
It's a system we created. A poor man's economy is based on making sure inflation doesn't sky rocket so our literal dollars hold value.
DomeGuy
If you gave most Americans a 100% pay boost and it caused 99% inflation, most of us would be better off.
NursePaulFlowers
If I got one extra dollar and something costs 99 cents I'd save a penny....
DomeGuy
If you owe $50k on a house, and it suddenly dropped to $25k with the same number of payments, you'd save a whole bunch of pennies.
NursePaulFlowers
Probably 7 nickles if we're being honest with each other
NursePaulFlowers
It is different from the stock market economy. Which is a measurement on the health of a company or group of companies. Which in turn run
NursePaulFlowers
Our country.
Snushine
But has zero ethical value
CheetoDustedMalcontent
Stopping inflation is for the Rich. Think of who owns all of the money. The insanely rich, and banks.
BakingMaybes
Inflation is bad for institutions that own debt
ThedarkPriestshaft
The reason this is wrong is inflation hurts buying power of currency and savings. The rich have assets the fluctuate with inflation.
ThedarkPriestshaft
You have a 100$ and after inflation it has the buying power of 50$ rich man has a factory worth 500k after same inflation it's worth 1mil.
NursePaulFlowers
Yep.
NursePaulFlowers
I was talking on a smaller scale for things like groceries
margatesands
the best way to deal with it is to get rich
TheManWhosoldworld
That’s right, do get rich you poor people. Says me who lives with his parents
mmontour
*be born rich
batteryforeverlow
Just point that fucker out and consider him got.
NdotGreeze
Big time got.
NozzleBozzle
What was that quote about all americans being temporarily embarrassed millionaires?
SatansLeftNipple
Just buy more money, folks!
PanicAtTheCostco
Ohhhhhhhh. I’m down
sozensloth
DarthFutuza
....but Mr. Scorpio...you did think of that.
amp99
"Get Rich or Die Tryin'" was a profound album title...
SatansLeftNipple
Kids today will never understand...
tenaciousjeebs
I mean, the “economy” started with barter/trade systems and is a direct product of human society. The modern macroeconomy is more nebulous
lordfear
Money is, when broken down all the way, a universal IOU for goods/services. A middlehand when trading two items.
tenaciousjeebs
Fiat money as currency, totally. Gold, pelts, etc were used as money but have an intrinsic value.
Gotbread
Gold is only valueable because people like shiny things. As soon as you try to eat it you see how worthless it is
ThedarkPriestshaft
Value is also due to rarity the supply and demand shtick. If people want it and it's rare it value is greater than that of more common items
RagingNorseman
Gold? It's a good electrical conductor, but it's a poor material to make stuff from.
tenaciousjeebs
What the heck are you talking about? Gold is shiny and rare and very easy to make beautiful things from. This is why it holds an intrinsic
tenaciousjeebs
Value and why representative currencies were backed by it (eg the US gold standard).
tenaciousjeebs
Like, some tribes lived closer to deposits of rocks used for spear and arrow points, and later controlled copper and iron ore deposits.
tenaciousjeebs
And would specialize in processing these and trading for other materials that weren’t available locally.
RagingNorseman
But but... Globalism!
tenaciousjeebs
¿Que?
Kyckling1234
Sometimes the tribes weren't far away, but, really far away.
ShouldersDeepInAHorse
But that doesn't encompass my belief that the economy is just a stupid concept and I should be rich for no reason!
WhatYouMeanItAintReal
What an incredibly dumb way to look at the economy. “economy isn’t even real” what? It’s a measure of business success which employ people 1
WhatYouMeanItAintReal
Just because someone doesn’t understand something doesn’t make it “not real.” It’s a “fantasy line?” This is why education is important
somethingsomethingusernamey
Username checks out
bochikiniki
You see she read a post from Becky and she is smart about those things and stuff and she totally likes kittens so she know more than you.
Lanhdanan
Its profit over people, it should be the other way around. The economy happens regardless how we perceive it. Goods will always be exchanged
somethingsomethingusernamey
But profit is a measure of how well you serve your fellow man.
LamiNgaBugas
According to Adam Smith, in competitive markets, pursuing self-interest leads to an increase in well-being for everyone.
TimTim135
Unfortunatly that is flat out wrong
somethingsomethingusernamey
How so? Innovation and investment into looms lead to cheaper clothes for all. That lead to more disposable income for everyone. That fueled
RayMC
Competition has nosedived. Everything in the most valuable sectors are too complex for small guys. ie technology; imagine competing w/ FANG.
LamiNgaBugas
Correct. Oligopolies are bad for competitive markets. We need to find ways to reduce barriers to entry and promote competition.
everyoKing
And yet..
theevilapplepie
“Just let people have food” - Start a farm and give away your harvests. If it’s as easy as you say?
theMonkeyTrap
Easy for govt with as much resources as US. if there are trillions for war and corp bailouts then a few Billions for foodstamps should be ok
theevilapplepie
You’ll be paying thousands a month in loans for the land, fuel, seed, and equipment. Thats before your life costs.
theevilapplepie
Who’s paying you to do it? Where do you get your money from so you can survive?
Lanhdanan
The point is that the 1% got it easy, but when they tip the apple cart over its the rest of us that starve. You're not that slow, right?
theevilapplepie
I’m not following your metaphor?
GayCanadianJew
You’re talking about working within the system. She’s talking about abolishing the system. 2 very different things.
Schaade
She's talking about a free lunch.
GayCanadianJew
You’re looking at a tree, I’m looking at the Forrest.
Schaade
How? All the trees are in the way...
Pickledawg
How do you suggest we abolish the system? Who is willing to grow/raise, prepare and provide that food without compensation?
GayCanadianJew
Oh, I know well enough that I can’t come up with an answer by myself off the top of my head in 140 characters or less.
Quid739
in case of doubt, you could just link to sth (if you have/find it...)
ImperatorAurelian
Yes, I believe Lenin tried something similar. That worked out SOOOO well.
GayCanadianJew
Ah, something was tried once and failed so nothing should ever be tried again. Flawless logic ;)
dru2
Education, sir. USSR Communism was the ONLY example of socialism ever. It failed for many reasons. EU/Canadian style civil services is close
GayCanadianJew
Who said anything about communism or socialism?
dru2
To optimal as anything. True socialism is economic socialism and is extreme and can never work; if you don’t get this you have not learned
alwaysL8
Food still doesn't just magically grow in the quantities we need. It takes a shitload of work to make farming happen enough to support us
TimTim135
Right now, about 30 to 40% of our food supply is wasted, if we reworked our system in a way that prioritized feeding people over capital
TimTim135
Gain, that would help a lot
ImperatorAurelian
How? Do you have a specific proposal? A clear plan? You're talking about abolishing the system, okay. But everyone from Robespierre 1
BakingMaybes
According to the USDA, that waste is caused by spoilage, damage, and people buying more than they individually eat... not pursuit of profit
Nukls
jdasler
ngl, we don't love the same things
Harryteeters
relsky
Privatize the gains, socialize the losses. Thats been the plutocracy MO in America for about 70 years.
DeKetsendeRechter
No, no no, that sort of game is played without nationality. Those fuckers move their HQ wherever they gain the most profit. Least taxes.
DeKetsendeRechter
They play that game on a global scale and every country that can be exploited, is affected.
DooksandPooks
A true democracy also has an economic democracy where you cannot accumulate too much wealth
n0n53n53
that's because shit trickles down, not up
KevinSmith0193
When the stock market goes up I get closer to retirement faster.
KevinSmith0193
Also if you want food get chickens and a garden that's free food.
Badprenup
Yeah people who are starving in studio apts working 60+ hours/week, just magically have land, $ to raise chickens, and more free time! Ezpz!
KevinSmith0193
I work a job, pay rent, have a garden, wood work, 2 dogs, and I'm doing great. Maybe it's where you live?
pastelteapot
It helps everyone with money in an IRA or 401k.
GeneralWho
B-B-B-ut if you just invest you can pull yourself up by your bootstraps! You just have to start small with a few dollars every month and in
GeneralWho
a year you'll have $100 that gets wiped out by a flat tire or a doctor visit or factors beyond your control like illness or cancer.
HeraldofOmega
Doctor visit will probably cost more than that
TrimTrimmer
At what point did she think she would have a say in weather she wanted to be born or not.
Koldfront
Poor Americans will defend this rationale cause they think they might become rich soon.
johnrocks
also because they believe hierarchies are natural and egalitarianism is not: https://youtu.be/agzNANfNlTs
WeSingLalaWhileTheDevilDoesTheChaCha
Its a very Protestant mindset
WeSingLalaWhileTheDevilDoesTheChaCha
Americans aren't poor, they are just temporarily inconvenienced millionaires
theyar
Except you know that makes no sense. When it goes up, it means many more jobs, and better paying jobs. That's why going down means losing.
wiltsjunk
I think the last 6 months proved when the stock market goes up it doesn't necessarily mean many more or better paying jobs.
UKMonkey
So - what this guy is saying, is when it goes up, more people have jobs, and when it goes down there are less? seems like it means a lot.
alsoAzrael
Not necessarily. Companies don't always higher more people when the market goes up.
UKMonkey
they also don't always fire people when it goes down either .... they're both generalisations.
alsoAzrael
That's fair. It's also fair to say that the wealth gained is mainly gained by the wealthiest people, who vastly increased their fortunes
UKMonkey
absolutely - the wage disparity is the biggest issue in the modern world - but pretending that the market doesn't impact everyone 1/
alsoAzrael
during a time when everyone else was struggling to keep their homes.
wiltsjunk
I'm not rich but the stock market effects my life, my 401K. I'm just saying, the statement in this tweet is flawed.
HelloYesThisIsSatan
Ah 401K's... the twisted bipolar child of pensions...
SnowpersonHitInTheFaceWithALackOfCreativity
Pst, your life isn't a number on a screen
Corbinator
My 401k won't truly affect me until I'm 59.5 years old and retire... if I can
wiltsjunk
I mean, I put money into my 401k every paycheck. The market helps or hurts. Also, I tapped it to buy a house. So it definitely affects me.
daingerous88
I have one too. But I wonder how many people don't. My aunt is 62 without one.
[deleted]
[deleted]
wiltsjunk
I'm pretty sure the vast majority of people on IMGUR are Americans
abion47
As an American non-student, don't presume to speak for me or anyone else.
abion47
Buying a house? Watching your investment portfolio? Cultivating your retirement funds? Congratulations, you're one of "the rich".
dyskordian
If you make $23000 a year then you are in the worlds 1%
abion47
(Not to be confused with "the crazy rich", but still. )
Mastahkeef
Middle claas still exists despite it getting smaller. You can make $50k/yr and still do those things. Ku
HelloYesThisIsSatan
So how do you feel having no control over what your money's actual worth will be when you retire?
wiltsjunk
That's not how it works. I have control - I could choose to not invest in a 401k. If you want growth, you have to take some risk.
HelloYesThisIsSatan
As oppossed to pension plans that were...? Garanteed pay after retirement? You have control on where you invest but if some richs dingos..1/
HelloYesThisIsSatan
..decide to make huge market move or scam or whatever shady shit they can do to shift the market in their favor, what are you gonna do..2/3
wiltsjunk
Who said anything about pensions? I'm not anti pension plans. Sure, sign me up for one.
HelloYesThisIsSatan
The economic system in which we are is based on the assumption that people will have good will, play by the rules and nit screw each other..
FireBreathingStockBroker
Capitalism assumes everyone has a motivation to get more for themselves.
HelloYesThisIsSatan
It certainly is a wishful aspect of it but one but can question a great deal about heritage...
FireBreathingStockBroker
I'm missing you meaning
quietlycommenting
So not made for humans then?
imagx616
PoopSammich
You know what they say about assuming? ... The rich are gonna fuck the poor one way or the other
PaintedSlate
No, they have vastly different degrees of exploitation depending on the rules and system, because those rules determine its effectiveness.
RedIronCrown
Capitalism doesn't assume any of that. It has some other core assumptions that are questionable.
Fastjack2056
Anyone who argues against regulation is usually making that assumption. "Companies will do the right thing, you don't have to be a dick!"
Boksha
I don't think they're really making that assumption; that's just the sales pitch to get people to let them be a dick.
alchemist12345
Not at all. Capitalism assumes GROWTH, not any of that "being a dick" or "having good will" bullshit.
HelloYesThisIsSatan
Capitalism is gonna sell you crack and tell ya it's candy.
jursamaj
Capitalism assumes doing anything you can get away with in order to make a buck.
HelloYesThisIsSatan
Tell me again how it is the only way?
jdasler
he didn't say it was the only way, he said it's the system we are in
chiefrunswithscissors
Both those comments are from the same person
GourmetCrackHead
Cause... Growth? Yeah let's go with growth
Lanhdanan
Never ending ravenous exploitation.
TheForgewright
The Dow must feed!
graehall
Apparently we human beings still haven't gotten it into our stupid brains that systems which don't account for human nature will often fail.
HelloYesThisIsSatan
Pure neoliberalism isn't a system it's absence of system.
Mimsey
Because every alternative gets relentlessly attacked by "this" way and none of them are immune to the corruption that ruins this way.
Mimsey
Read: Every country that tries anything but Capitalism gets ganged up on and sanctioned by capitalist countries.
Mimsey
And the few that do thrive for a time, like Venezuela, are only 1 bad leader away from tanking and being used as an example...
HelloYesThisIsSatan
https://youtu.be/XwQkQxvWilk
inb4thewar
Every economic system has to solve the problem of "Why should people work?" Capitalism: avoid starvation Communo-fascism: avoid being shot1/
inb4thewar
Feudalism:Avoid eternal damnation/being stabbed Marxism: sense of duty/fairness. The reason "true socialism" has never been tried is that 2/
inb4thewar
no one in power wants to risk gambling their economic production on the hope that people will behave morally. They'd rather take the safer3/
HelloYesThisIsSatan
Ok I get you but what if we actually reformed political systems a and goverment around the idea of benefits for the society.