Rampant Economic Illiteracy

[Anonymous No.12369054]

In the past 5 years or so, I've heard nothing but complaints from a bunch of NEETs about how capitalism is so unfair and they keep pointing at results of government regulation on the free markets as the negative results of capitalism. The government can literally pass a 30% tax increase and let a shit ton of illegals live off of our tax dollars right now and there are idiots who will literally blame capitalism for that.

And not to mention, there are faggots on here as well who have made shitty decisions to throw their futures at a shitty altcoin and would blame capitalism for that. Every time I tell them that it isn't capitalism's fault and show them how capitalism works, they always sperg the fuck out.

Anyone else here annoyed at the rampant autism behind anti-capitalism and economic illiteracy? I'm just about done hearing this shit.

[Anonymous No.12369124]

>>12369054
bump

[Anonymous No.12369181]

>>12369054
bumpity wumpity

[Anonymous No.12369221]

>>12369054
bump

[Anonymous No.12369369]

If you are gonna bump why not explain how capitalism works, so this isnt just a whiney blog post.

[Anonymous No.12369418]

>>12369054
The real redpill is that our current form of crony state capitalism is a direct result of libertarian capitalism, because the rich will leverage their wealth to influence politics and public perception in order to gain wealth through anticompetitive laws and laws that increases the profits of their sectors vs others, among other things.

[Anonymous No.12369441]

>>12369418
I agree. Be it government officials or mercenaries, the rich and powerful will have their way. There isn't much distinction between corporations and the government when you get down to it.

[Anonymous No.12369453]

>>12369418
>our current form of crony state capitalism is a direct result of libertarian capitalism
lmao you fucking what?

[Anonymous No.12369467]

>>12369054
Only like 1% of biz has a real big boy career and even fewer understand economics at a basic level. You're wasting your time. Losers and takers will always support communism or variations of it. Unfortunately they are also too poor and lazy to pack up and move to a socialist utopia like Venezuela so they will just sit here and bitch while asking for more gibs.

[Anonymous No.12369479]

>>12369054
Tell them that the root of all of the problems we face are actually caused by the Federal Reserve and unsound money. That's the real redpill.

[Anonymous No.12369481]

>>12369054
>t.enormous faggot

[Anonymous No.12369499]

>>12369054

Ahh yes, the "everybody else is stupid why am I so smart" brainlet cope.

Here's a quick guide to economics:

<90 IQ = "Capitalism is evil, redistribute the gibs"
91 - 120 IQ = "Capitalism follows natural order and should not be constrained"
>121 IQ = "Unconstrained capitalism leads to disequilibrium caused by polarisation of wealth and requires a new order"

Brainlets observe:

https://www.edge.org/response-detail/23825

[Anonymous No.12369510]

>>12369054
>If you disagree with me then you don't understand economics
Hmmmm

[Anonymous No.12369523]

>>12369467
This. As you can see with all of these replies, they're mainly concerned about "muh rich and powerful CEOs"

>>12369479
This too. I try to tell them that as well, but they keep denying it. I honestly feel as if there is no hope for people to be economically literate unless we mass redpill them on austrian economics.

[Anonymous No.12369547]

>>12369499
Think the <90 and 91-120 IQ should be switched.

[Anonymous No.12369551]

>>12369499
>121 IQ = "Unconstrained capitalism leads to disequilibrium caused by polarisation of wealth and requires a new order"

You want a world where everybody makes the exact same amount of money? How are you any smarter than faggots who want to redistribute money?

[Anonymous No.12369562]

>>12369453
Maybe try reading the rest of his post you idiot.

[Anonymous No.12369565]

>>12369418
Ye, but devpmt of technologies, total decentralisation and postindustrial mode of economy will hopefully make any massively centralised structures, eg states or corps, unprofitable.

The idea is that the more abundant knowledge is, the less organised agents should be to operate effectively.
The less capital entry threshold for small business is, the higher the competition and less doable monopolisation is.
The more people consciously involved in any particular economic activity, the tighter selection for effective practices is.
And so on...

Libertarianism might have caused crony capitalism, but times change. Such process may be impossible in a few decades or even now.

[Anonymous No.12369567]

Agreed. People need to realize that capitalism isn't the problem and that any problems under capitalism can never be capitalism's fault.

[Anonymous No.12369597]

>>12369054
I've never truly heard of a communist NEET
At least one on this board
Even more befuddlingly, I've never heard a communist or a socialist criticize the government for raising taxes, doling out benefits, and importing thirdies
Who are you arguing against?

[Anonymous No.12369605]

>>12369562
As long as there is a government that controls wealth supply via central banks, the banker elite will work in tandem with the government, you shithead.

[Anonymous No.12369608]

>>12369453
It is in the self interest of special interests (banks, corn farmers, you name it) to influence change in the way a government does things and what it does at the expense of others if it comes with a benefit of themselves. Therefore they will do it. It follows the same assumptions of free market ideology. That people will act in their interest.

If you think about it like this, you know it to be true. That the current state of things developed as an implication of the rules of the (much more) libertarian past, and rational self interest.

[Anonymous No.12369624]

>>12369597
National (((Socialists))) and (((Strasserists))).

[Anonymous No.12369628]

>>12369551

Won't even dignify this vomit burp with a reply, you truly are a Dunning Kruger case study

[Anonymous No.12369642]

>>12369608
The government actually does more harm than good to farmers and small business owners but mostly bankers have the upper hand since they work in tandem with the government to control the money supply. That's why they're so threatened by crypto.

[Anonymous No.12369654]

>>12369605
If it wasn't a banker elite, it would some other elite. No government in human history has not had a corrupt, wealthy, elite ruling class.

>>12369608
This guy gets it.

[Anonymous No.12369672]

>>12369642
Farmers are total fags though. If you don't regulate them they starve people for money and harm the rest of the economy.

[Anonymous No.12369680]

>>12369642
Government subsidizes the ever living fuck out of farmers. $60 BILLION every fucking year. If it wasn't for gov handouts 75% of farmers in would be bankrupted or bought out by Monsanto.

[Anonymous No.12369689]

>>12369672
Competition between farmers can and will emerge so in turn, they'd only be hurting themselves. They'd be asking for more than what they're worth while new farmers deal with markets.

[Anonymous No.12369698]

>>12369680
Monsanto has privileges given to them by who again?

The government. We should get rid of the government.

[Anonymous No.12369761]

>>12369698
>We should get rid of the government, that'll fix the economy
/thread

[Anonymous No.12369772]

>>12369054
You are the retard here, i did indepth research into the economy and literally the only reason capitalism works is cause everyone is fucking retarded. First you have to understand how the money supply works then you realize everyone has been getting scammed by jews for hundreds of years. Do more research on the side effects of a capitalistic economy. You quickly learned that the price is our future childerns lively hood and our planet slowly getting destroyed. climate change is a real issue btw i think you were to busy in your basement to look at your planet slowly dying.

[Anonymous No.12369794]

>>12369761
>we should let them stay and let them fuck us over. at least i can still vote republicrat.

[Anonymous No.12369798]

>>12369698
Read the first part of the post again. Government subsidizes farmers to get their VOTES. Because low-iq farmers living in bumfuck, red state would rather get handouts than compete or innovate.

[Anonymous No.12369805]

>>12369772
>You are the retard here, i did indepth research into the economy and literally the only reason capitalism works is cause everyone is fucking retarded.

170 IQ post right here, guys.

[Anonymous No.12369815]

>>12369597
They're all on /pol/

[Anonymous No.12369817]

Feudalism > capitalism
Prove me wrong.

[Anonymous No.12369820]

>>12369798
True. But if there is no government, farmers will be subject solely to market forces.

[Anonymous No.12369829]

>>12369817
Lol. Is nice, but we too big

[Anonymous No.12369863]

>>12369054
Dont worry anon, I've noticed as well. They're generally lazy, defeatist people who think they're too good to work. They believe economy is about gibs instead of human action that produces value.

Then they blame mega corporations as if those businesses are not owned by the public. If you asked them who decides who gets to be CEO, I bet they'll have a hard time answering without the Internet.

[Anonymous No.12369865]

>>12369820
Yes, and 75% of farmers would get crushed by market forces, and then they would vote for candidates that give them subsidies.

The actual answer is that democracy is a failed system and a new solution is needed.

[Anonymous No.12369880]

>>12369865
Democracy been failed. That's why we have a Republic.

[Anonymous No.12369884]

>>12369865
>The actual answer is that democracy is a failed system

No shit. The Greeks literally understood this.

[Anonymous No.12369891]

>>12369865
New localized farmer businesses will be created in the event that the government cannot subsidize farmers. Any form of government cannot and will not fix any kind of market problems.

[Anonymous No.12369902]

>>12369880
It's still dependent on votes of low-iq brainlets and literal retards.

Republics just add a middle-man for an extra layer of corruption. So corporations only have to bribe a couple representatives and senators instead of a thousand people.

[Anonymous No.12369903]

>>12369499
based

[Anonymous No.12369922]

>>12369054

Bell curve, you're wasting precious time on tards

[Anonymous No.12369931]

>>12369499

Capitalism works in waves, companies that go stale die off without government intervention

[Anonymous No.12369944]

>>12369902
see>>12369891

and if you're still worried about farmers, look up indoor farms. The government will plunge us further into debt.

[Anonymous No.12369950]

>>12369863
the economy is about properly distributing goods at a fair price. The thing everyone seems to forget is that money isn't even real. It's a situation where you have to step back and look through different lens. It's the biggest scam ever, literally has been happening for centuries. The reason why no one complained is because people don't give a fuck and the rich keep getting richer off these retards.
Literally you will see if the resources keep getting removed at this level. Earth was on a fast track to being a desert wasteland in 3-4 years if we kept doing what were doing. The reason africa is in this state is capitalism.

the real question is when labor robots come out, what the fuck will happen to the economy. We all know the missing part is properly developed AI and in the underground AI is already perfected. When it does get released now you have the corporations even more rich and everyone out of a job. It's chaos waiting to be unleashed upon the world.

The true cost of fiat currency is peoples lives, you steal from the future to spend it today. Thats the final blackpill, keeping the current economy is like saying fuck your kids who cares i wont be alive. but the sad thing is youll still be alive to see earth turn to shit

[Anonymous No.12369954]

>>12369922
>>12369931
This. Sorry, it's all just so infuriating. I hate brainlets so much.

[Anonymous No.12369961]

>>12369891
New, more innovative farmers would arise and destroy the old ones. The old ones would then cry and vote for whatever candidate promises them handouts.

See Coal Miners in West Virginia for this exact situation literally happening now. Instead of training up in Nuclear or Natural Gas, they stick to what they have been doing for the last 50 years and cry for government help when the market starts crushing them.

[Anonymous No.12369971]

>>12369863
Don't know how i missed this. These people will die off once their sweet sweet government hits a wall from all of that debt.

[Anonymous No.12369977]

>>12369642
It doesn't matter who gets the shorter end the stick overall. The bankers will influence for whatever yields more profit and less competition for them and the corn farmers will influence for their subsidies and special tax cuts and other shit. It is all a disjointed mess.
In the case of a state or inside a corporation, the central planners can force sub entities to sacrifice for others for the overall good. For example, in a country with state run Healthcare, total budget for gibs and bureaucracy around gibs and employment help programs could be reduced in favor of more and better Healthcare, which increases employment directly and indirectly and reduces the demand for gibs, and also brings in more tax via increased population productivity through the people cured.

The private prison industry profit motive is a good example. Influencing for more and harsher sentences on anything they can, to grow an unproductive prison population at the expense of the inmates themselves, and tax payers(example: Marijuana).

Im not advocating communism btw. I'm just trying to explain that where we are now, all this bloat achieved in great part through state and laws, is a direct consequence of the profit motive in a private economy. American statism is the reflection of the narrowinded rational self interest of various groups with different interests, and capital derived power is the primary method of shaping public opinion and bribing politicians (in ways that are mostly legal because it is in the self interest of lawmakers to make it be so).

>>12369565
Has a good point and some optimism about emerging low capital ways of influencing effectively will hopefully shift the balance somewhat against those with big capital. I'm not as optimistic, because of the structure of what I just described makes people often have a narrow pursuit when it comes to changes they seek to implement, but the average will be less narrow.

[Anonymous No.12369996]

>>12369961
Exactly. Let it happen. Fuck this crony bullshit.

[Anonymous No.12370024]

I remember by naive lolbertarian phase. really brings me back, thanks OP

[Anonymous No.12370084]

>>12369996
It won't ever work in a democracy or Republic though, that's the point. Low-IQ brainlets will always vote for gibs and government debt.

[Anonymous No.12370095]

>>12370084
True.

[Anonymous No.12370114]

>>12369054
We grow stronger everyday... Socialism WILL win.

[Anonymous No.12370128]

>>12369418
this. if you think about it, we are already living in an ancap society.

>>12369054
there are few people that are actually communist OP. most "communists" are just sheep blaming the system for their own shortcomings.

[Anonymous No.12370159]

>>12369977
This post is too good for this thread, but the central planning solution only works on very small scales (city states with <10000 people).

On larger scales, you would need something closer to an AI (see Deus Ex) to achieve the same effect while remaining immune to corruption/bribery/demands for gibs.

[Anonymous No.12370170]

>>12370159
Ai's always become racist. This wouldn't work.

[Anonymous No.12370191]

I don't care I'm not working and I am getting welfare
if it stops I will rob kill and loot from you cucks so you better keep it going

you need socialist policies or people like me will make every 1st world country a 3rd

[Anonymous No.12370198]

>>12370170
Garbage in garbage out

[Anonymous No.12370247]

>>12369499
>140+ IQ, we should return to monarchy

t. tested twice: 154 and 148

[Anonymous No.12370288]

>>12369884
>The Greeks literally understood this
The drafters of the United States Constitution understood this. It wasn't until the dumb fucks that passed the 17th Amendment came along did democracy become a problem.

[Anonymous No.12370320]

>>12370247
>>12370288
https://www.youtube.com/watch?v=92MdspSw9G8

Have an open mind please and watch this.

[Anonymous No.12370877]

>>12369950
Agree with most of what you said with exception to 2 points.

1. Fiat currency sucks, yes. However, money itself is absolutely necessary. Its not a bad thing.

2. Economy is not about distributing goods. People have to come up with an idea for goods and services. Then they need to be implemented. If one person's business becomes popular enough, they reinvest the earnings into the business to make it grow. More people become employed at this business which continues to provide services or goods other people want. Nothing about "fair prices". Only a fair market. The market determines the price. Market is people.

[Anonymous No.12370927]

>>12370247
I am also a monarchist.

>t. 130iq brainlet. I was tested periodically during childhood and a couple times in adulthood.

[Anonymous No.12371004]

>>12369054

what gets me is how people have such strong, unwavering opinions on economic theory despite knowing literally nothing on economics. Imagine if someone had a very strong opinion on the proper interpretation of Physics, but had never learned what a vector was. Just the sheer ignorance and resoluteness of these morons.

>yeah I'm into the many world interpretations. it appeals to me
>Uhh I'm sorry I've never heard of this "eigenvalue". What is that?

Whenever I talk to people about economics, i always ask them - "have you ever read any book on economics?" If they haven't, I know I can instantly disregard their opinion and move on. It would be like listening to someone's opinion on movies who was born blind

[Anonymous No.12371038]

'Constrained capitalism' is the reason u have crony capitalism. Once u set up something that can reward unproductive behaviour you incentivise bribing that system in place to get unfair benefit. Neets dont seem to get that.

[Anonymous No.12371052]

>>12371004
It's the same with politics and government. hence why democracy is a farce. It only sorta made sense when the constituency were property owning males who at least had some sense of household management, leadership, and literacy. Governance requires specialized knowledge. Voting is retarded.

[Anonymous No.12371082]

>>12370191
Le edgelord

[Anonymous No.12371160]

>>12369977
Most ppl have little money, but their aggregate wealth is greater than that of the rich people (at least in developed countries).

Heres the incentive for "fair" capitalism.

Modern technology is all about finding small yet abundant sources of wealth.
Businesses been adopting low margin high turnaround paradigm for a century and a half. But only now IT allows them to scale it magnificently.

And the more netflixes, adwords and such are out there in all the industries, the more noticeable poor people become. They get more opportunity to vote not politically but economically with their aggregate wealth. And all the companies that want to make profit will have to learn to effectively segregate people in preference groups and cater to them. The more pronounced this diversification is the harder it is to establish a monopoly that will dictate the prices and what the public is allowed to expect from them.

But there may be some complications on our way to such a society. What if existing monopolies learn to mend ppls psyche before they collapse? Propaganda is getting more subtle yet more effective. By making ppl agree with status quo via media and politics monopolists can stay in power indefinetely, which from an economic standpoint will be bad since the capital will be distributed suboptimally

[Anonymous No.12371168]

>>12369672
>if you dont regulate them they starve people

Are you really dumb enough to believe this?

[Anonymous No.12371187]

>>12370320

absolutely based. youtube makes it hard to watch this.

[Anonymous No.12371194]

>>12371168
Historically that is what happens when people can't pay their price. Farmers have always been cancer.

[Anonymous No.12371290]

>>12371194
Historically as in feodalism or earlier, when you could spend a third of your crops to resow the field, cos no herbicides, no pesticides, no fertilizers and shit strains.

Now farmers are much more efficient. All gubmint subsidies do is keep agro products prices artificially high. Half the farmers could go bankrupt and quit now and the consumers wouldnt notice. But no, farmers going bankrupt is bad. We need to put sugar and onions and corn syrup in every fucking thing to keep the demand artificially high. Ppl waste like 40% of food in US. Amd still ppl say farming should be subsidized or we all starve.

[Anonymous No.12371312]

BTC is not private or fungible

What use does a large corporate entity or institution have with a coin that can be analysed through chain analysis so that their competitors, foreign governments, or other bad actors can analyse all of their transactions data?

Information leaked includes relationships, supply chains, profit and loss information, accumulated wealth, and more.

For people serious about Business Monero is the answer. Data mining will be a serious issue for commercial deployments.

https://youtu.be/FeNYjYA2lVg