In my comment what I mean by the word "apply" is that resources are allocated effectively, which they are not without heavy regulation, and at that point it is no longer the free market that is allocating the resources.
When i say supply and demand does not apply, I mean the basic rules of supply and demand do not apply. In most cases where the free market is effective at allocating resources, it's because when demand increases, price increases, and when demand decreases, price tends to decrease.
The problem with things like Healthcare, housing, food, etc. Is that that demand line is a straight line. People cannot choose to not eat, or have shelter (at least most people don't want to be homeless), or have Healthcare, so they are left with a single option: to go into debt.
Because people cannot choose not to purchase necessities, according to the supply and demand rules, and the basics of capitalist economics (charge as much as people are willing to pay), with no change in demand based on price and with no legitimate regulations, this kind of thing always results in exorbitant prices that most people cannot afford.
What I mean in one sentence: the free market is incapable of allocating resources effectively for necessities because people can't just choose not to buy.
K but also he's an idiot because treating housing like supply and demand applies to it is how we got to a place where nobody can fucking afford them because, clearly, supply and demand does not apply to things people need
K I gotta bow out of this one, we're getting into territory and history on which I am not educated or confident enough in my knowledge to discuss, also it's a very controversial topic I don't want to discuss on a public forum with people who don't know me.
Sorry, I acknowledge that I asked a bunch of questions you are just answering lol. My fault!
So does that mean the Hungarian revolution was engineered by the CIA? Like by the US government? I think that was suspected for a long time, but also that justifying the tankie view ignores a lot of nuance imo. Does "america bad" really justify the use of tanks? Was the Hungarian revolution really fascist even if some of the leadership was? Or was it simply an anti-authoritarian struggle for freedom and self-determination?
Idk, I'm lacking in a lot of historical knowledge.
Good to know, I totally thought it was a pejorative term for people who supported Kruschev's use of tanks, and I rarely see people talking about that so I was very confused.
Banana @ Banana @sh.itjust.works Posts 2Comments 442Joined 2 yr. ago
Didn't you know? Building cities so people can get around in them easily without a vehicle is oppression