How Deregulation, Government Guarantees, and Greed Ruined Boeing - eviltoast
  • AllonzeeLV@lemmy.world
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    11 months ago

    I hate biased, ivy league, self-serving economists pretending to be and having the gravitas of scientists when they declare this intentionally corrupt, thieving economy to be the optimal system for distributing goods and services to the society it is supposed to be in service to instead of the other way around as it has become.

    Giving the rich people all the money isn’t efficient at distributing good and services in such a way as to maximize the well-being of the citizenry(isn’t that supposed to be the POINT of any economy?), its only efficient giving the rich people all the money.

    • agamemnonymous@sh.itjust.works
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      11 months ago

      Market economies are an efficient system for distributing goods and services. Capitalism is an efficient system for funneling wealth to an investor class. Markets don’t require capitalism. We can distribute surplus revenue back to the workers instead of non-working investors, and the market forces will continue to do all the things economists praise them for, without concentrating profit in bourgeoisie pockets.

      Every worker a member of the board.

    • MagicShel@programming.dev
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      11 months ago

      Give poor people money and let the rich find ways to earn their spending. We broke capitalism by removing any incentive to do anything for people. Just serve other rich people because they have all the money.

    • AnneBonny@lemmy.dbzer0.com
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      11 months ago

      I hate biased, ivy league, self-serving economists pretending to be and having the gravitas of scientists when they declare this intentionally corrupt, thieving economy to be the optimal system for distributing goods and services to the society it is supposed to be in service to instead of the other way around as it has become.

      People compare academic models to real world scenarios without considering whether the underlying assumptions made in a model are met. A lot of times a free market economy is supposed to have many competing vendors, and there is supposed to be many customers who are all well educated about the marketplace and the product and the prices, and the widgets being sold are all virtually identical, etc. I think there are some good ideas in economics, but it is closely linked to politics and it seems like there are many people who are acting in bad faith, or are otherwise little more than accountants that like to dabble in philosophy.