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76 comments
  • Genoc- wha, how? HUH?!

    • Kind of embarassing that I even know this, but their reasoning goes

      1. Lower prices => lower profits
      2. Lower profits => lower quantities supplied
      3. Lower quantities supplied => people will die from lack of medicine

      And if you assume that the supply is lowered enough, then tons of people die and it becomes genocide. Of course, the flip side of this that this person completely ignored is that price distortions can also occur in the other direction, where prices are high enough to entice more than sufficient production, but so high that it limits purchases from consumers. Currently, the American medical industry is firmly in that side of pricing (as evident by the fact that the rest of the world has much lower drug prices* and no shortages of drugs).

      *even if you account for wage differences.

      This is all econ 101 theory. Often times, you barely need to remember 101 shit to dunk on these so called "economics students", who didn't even properly learn the bourgeois version of the theory, only how to party and act arrogant online.

    • They're genociding the profit margins

    • I've got this one. Money is a proxy for race, and therefore lower prices mean Black people benefit. Therefore, Black people living longer is a genocide to

      .

    • You add up all the lost utils on both sides and see which number is bigger and also a single dollar of forgone profit is like a gazillion utils.

    • : “Well you see, you’re hurting porky’s freeeeeeeeedumz! It’s his property and he has every right to do whatever he pleases! You gotta learn to live and let live, man!”

      Also

      :“Racism is bad? Who cares about icky morals! According to my calculashunz, giving the specials like me privileges over you yucky untermench, if not removing you entirely makes the good results happen! You can’t let sentimental morals get in the way of The Objective Reality^TM”

      Also also

      : “ Why yes, I also think that integrity is for the weak and that it’s only logicalTM to embrace lies that serve your interests, why do you ask?”

  • The only econ students I've met who actually had a material understanding of economy had it despite their education, not because of it

76 comments