3 ms·

What value do they extract? They provide a good or service to denizens. Unless of course you believe in a serf model of government in which people are an asset

by bko 2mo ago

What value do they extract? They provide a good or service to denizens. Unless of course you believe in a serf model of government in which people are an asset of the state and everything should serve the states goals.

perpetuallunch 2mo ago
This is increasingly, and worryingly, becoming an ideology people are being swept up by. It doesn’t help that there are Card Carrying Socialist activists in our public school system in Australia, indoctrinating kids in to a politically and economically bent out of shape ideology. I don’t believe many Australians are aware of just how dangerously few steps away from the mouldy bread and rotting fish head soup lines version of “equality” we really are. Since when has government, of any sort, been a reliable arbiter of truth or wisdom? P.J. O’Rourke would be turning in his grave. Giving money and power to government is like giving whiskey and car keys to teenage boys. Socialists in Schools: https://www.victoriansocialists.org.au/campaigns/socialists-in-schools https://www.victoriansocialists.org.au/campaigns/socialists-...
- Swenrekcah 2mo ago
  The dangerous ideology is that giving money and power to corporations is any better than the government. The government in a free democracy is ultimately controlled by the people, is supposed to (and usually does) work for the people, to protect the environment where that is necessary, protect people from being exploited by too powerful corporations, etc. None of this is socialism, this is in fact the system that made the US great in the years after WW2. Also I am neither Australian nor socialist.
Swenrekcah 2mo ago
I honestly don’t understand how you believe this to be a reasonable response. It does sound like a bad faith argument, an attempt at ad hominem. When an entity operates in an area but optimises the financial structures in such a way as to siphon all the profits out to another area, that is extracting value that used to remain in the area. That service or goods are provided has no bearing on the matter.
- bko 2mo ago
  An entity provides a service to people that necessarily produces a consumer surplus. Say you pay $2 for a cup of coffee, you obviously value it at least $2 otherwise you wouldn't buy it, but likely more. Suppose you value it at $3 (i.e. the company could charge up to $3 and you would pay), by allowing the entity to sell it to you at the market rate of $2, they created $1 surplus value to you. The same works on the producer side. It typically costs them less than the market price to produce the product. This is basic economics and kind of wild I have to explain.
  - Swenrekcah 2mo ago
    This is firstly not a response to the value extraction issue. Secondly, you don’t need to explain this here. Rather read up better, because this theory requires a fair market which fails when some participants can avoid taxes.
    - bko 2mo ago
      [dead]

by bko 2mo ago

perpetuallunch 2mo ago

This is increasingly, and worryingly, becoming an ideology people are being swept up by. It doesn’t help that there are Card Carrying Socialist activists in our public school system in Australia, indoctrinating kids in to a politically and economically bent out of shape ideology. I don’t believe many Australians are aware of just how dangerously few steps away from the mouldy bread and rotting fish head soup lines version of “equality” we really are. Since when has government, of any sort, been a reliable arbiter of truth or wisdom? P.J. O’Rourke would be turning in his grave. Giving money and power to government is like giving whiskey and car keys to teenage boys. Socialists in Schools: https://www.victoriansocialists.org.au/campaigns/socialists-in-schools https://www.victoriansocialists.org.au/campaigns/socialists-...

Swenrekcah 2mo ago
The dangerous ideology is that giving money and power to corporations is any better than the government. The government in a free democracy is ultimately controlled by the people, is supposed to (and usually does) work for the people, to protect the environment where that is necessary, protect people from being exploited by too powerful corporations, etc. None of this is socialism, this is in fact the system that made the US great in the years after WW2. Also I am neither Australian nor socialist.

Swenrekcah 2mo ago

I honestly don’t understand how you believe this to be a reasonable response. It does sound like a bad faith argument, an attempt at ad hominem. When an entity operates in an area but optimises the financial structures in such a way as to siphon all the profits out to another area, that is extracting value that used to remain in the area. That service or goods are provided has no bearing on the matter.

bko 2mo ago
An entity provides a service to people that necessarily produces a consumer surplus. Say you pay $2 for a cup of coffee, you obviously value it at least $2 otherwise you wouldn't buy it, but likely more. Suppose you value it at $3 (i.e. the company could charge up to $3 and you would pay), by allowing the entity to sell it to you at the market rate of $2, they created $1 surplus value to you. The same works on the producer side. It typically costs them less than the market price to produce the product. This is basic economics and kind of wild I have to explain.
- Swenrekcah 2mo ago
  This is firstly not a response to the value extraction issue. Secondly, you don’t need to explain this here. Rather read up better, because this theory requires a fair market which fails when some participants can avoid taxes.
  - bko 2mo ago
    [dead]