• wraekscadu@vargar.org
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    13 hours ago

    Ok, rant time.

    This is how the market is SUPPOSED to work: Demand high, supply low. Suppliers rush in to increase supply with the incentive of profit. Eventually, supply increases and profits become razor thin. Consumers (average folk) win.

    BUT, there are certain sectors where monopolies/oligopolies form naturally. Not necessarily because companies are evil, but because it’s simply economically more efficient to do so. Rail being the best example. Why would another rail company build a parallel track to an already existing freight corridor that connects 2 companies?

    Banks require to pass through a lot of financial regulation (as they should). Hence, oligopolies form naturally. Same with telecom.

    NOW. Let’s look at our utopic market again. Profits should be high where supply hasn’t met demand. NOT where supply and demand are the same. This is very good for those owning the companies (capitalists), but not good for the consumers (us). In our ideal market, this profit reduction happens due to competition. However, we have established that some sectors naturally are prone to less competition.

    Banks posting record profits (when banking isn’t exactly a sector that requires crazy investment to meet allegedly crazy increasing demand) is bad for the average person. Same with companies that are in sectors where not much investment is needed. Groceries being an example.

    So what do we do to reduce profits in such sectors so that a handful of people aren’t ripping us off? Here’s my opinion:

    The state should force oligopolies/monopolies to become consumer cooepratives. If this is too politically infeasible, then raise capital, start a state owned corp and immediately shift the operations to a consumer cooperative (of which every citizen is a member by default).

    So TLDR: The stock market booming isn’t always a good thing. Sure, actually innovative corps posting record profits (from the new stuff they’ve worked on) can be a good thing. BUT, boring ass corps which aren’t exactly innovating posting increasing profits means that the consumer (us) is getting ripped off.

  • canniest_tod@lemmy.world
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    15 hours ago

    Yeah, but most Trump sign houses are suburban McMansions and historic urban estates. Like we keep saying, the die hard MAGA people are thoroughly bourgeois and have been all their lives.

  • RememberTheApollo_@lemmy.world
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    20 hours ago

    The same people that say the economy is shit because life’s hard and they can’t get ahead are the same ones that point out that the president says the economy is doing great whenever someone criticizes him.

  • r8KNzcU8TzCroexsE2xbWC@lemmy.ca
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    17 hours ago

    Fuck trump supporters and whatnot, but I cannot help but feel this image is making fun of people for being impoverished. Leaves a bad taste in my mouth.

    • LifeInMultipleChoice@lemmy.world
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      17 hours ago

      Believe it’s the point of the post. Voting for someone who supports pulling money from the impoverished and giving it to the ultra-rich… While being impoverished.

      The fact that 90% of the population isn’t voting against corporate Democrats and Republicans who support the current taxation and distribution of wealth that supports just 10% of the population to thrive and the rest to struggle is terrible. But they spend millions on advertising and billions on other media venues to push the agenda to protect the status quo.

        • abysmalpoptart@lemmy.world
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          16 hours ago

          The point isn’t that it’s making fun of people for being poor, it’s making fun of the poor voting against their own interests and then insulting others along the way for some reason

    • bluefootedbooby@sopuli.xyz
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      14 hours ago

      It is not making fun of people for being impoverished, it is making fun of people for voting against their interest, and thinking that by doing so they are ‘owning the libs’

  • ccunning@lemmy.world
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    1 day ago

    “Don’t even bother talking to me if you don’t have a rainwater collection and processing system for the apocalypse”

  • IvyisAngy@lemmy.world
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    1 day ago

    God I think I know where that is…

    Or these fuckers are all so similar I can’t tell them apart.

  • GreenShimada@lemmy.world
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    1 day ago

    They spend all their money on guns, ammo, and red maga hats - what did you expect in Biden’s Economy? /s about the last part