https://x.com/MahyarTousi/status/1832017472943174081

Endless quote tweets and responses just mindlessly agreeing. Quite baffling.

  • KobaCumTribute [she/her]
    ·
    3 months ago

    And then you learn about economics and it's actually like, not even a real, consistent thing at all because real economies are absurd and the idea of "supply and demand" is just a vague rule of thumb guess as to what'll probably happen when you change something, but you can just as easily get rising demand from rising supply (as something becomes accessible and popularized), falling demand from falling supply (because people can just get something else), unpredictable effects from related changes in cost or availability (like a decreasing cost also decreasing consumption, because it means people can afford to replace a portion of their consumption with something more desirable), and effectively random changes from shifts in consumption or production of entirely unrelated things.

    Basically everything they teach people about economics below a post grad level (and by that point someone's in too deep to catch just how groundless all the pure ideology they've been taught is) is just flat out wrong to the point of being not just an oversimplification but outright incoherent lies. It's like if Biology as taught in grade and high schools was interested primarily in doing dog breed race science with a handwaved "and other things are like this too, because that's intuitively correct to believe" and taught that cells were actually sort of like tiny dogs and that plants were just dogs that sit really still all the time and that was somehow supposed to form a workable framework for anything and also that was literally the hegemonic state-sanctioned ideology.

    • Thallo [love/loves]
      ·
      edit-2
      3 months ago

      cells were actually sort of like tiny dogs and that plants were just dogs that sit really still all the time

      Omg I understand biology now tails-what

    • Hello_Kitty_enjoyer [none/use name]
      ·
      3 months ago

      (like a decreasing cost also decreasing consumption, because it means people can afford to replace a portion of their consumption with something more desirable)

      just in case someone doesn't understand this:

      • streaming service reduces fees
      • person now has more money
      • uses it to build a computer
      • now spends their time gaming
      • questions why they even have the streaming service
      • cancels
      • an eagle named "supply and demand" sat atop the chalk and shed a tear
      • KobaCumTribute [she/her]
        ·
        3 months ago

        The real world example I've seen cited for that is potatoes as a staple food being partially replaced by meat or other comparative luxury foods as their price fell because having to spend less on potatoes to survive meant people could buy a small amount of meat and so didn't need as many potatoes.