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I was taught during grade school that capitalism drives lower prices, and since capitalism is good, it's alluded that paying less money for a product of similar
by fooqux 2y ago
I was taught during grade school that capitalism drives lower prices, and since capitalism is good, it's alluded that paying less money for a product of similar value is almost a moral obligation. That company selling the "same thing" for more is obviously fleecing people and should go bankrupt.
That model may have worked hundreds of years ago when comparing horseshoes made by local blacksmiths, and possibly still held up when comparing mousetraps made in the same state / country. But it has issues when applied globally, and we have not adopted fast enough.
- lazide 2y agoIf you can pay $5 for something instead of $10, why wouldn’t that be better for you?
- mindslight 2y agoIt's better for you individually-immediately, but on the larger scale the government policy is that average prices cannot go down. So then the government created enough new money to make the lower priced item cost $10. And due to kayfabe "fiscal responsibility", the government couldn't even spend that new money (representing shared surplus from tech/market progress) on useful things, and instead just dumped it into the housing bubble.
- lazide 2y agoWhat, consequences?!! In my economy? Clearly that isn’t actually why and it’s all the fault of (checks notes) illegal immigrants. I’ll warm up the military transports right now!
- mrguyorama 2y agoWhich is why it should be legal to buy stolen goods!
- 1oooqooq 2y agoas if you ever read the ingredients label of you soap or shampoos....