COVID-19 is exposing a lot of truths.
The free market is useless in any kind of crisis. It is barely functional in terms of mobilising labour and resources in the best conditions, it is flat out useless when things are tough - and things are going to get tough as the climate worsens and the oil runs out.
It turns out that the people paid the least in society are the most important, and many highly regarded jobs just aren't all that important.
@jospanner Absolutely. It's a truth we all know, but this crisis is making it extra clear just how inefficient capitalism is. I've been thinking about that a lot.
@firstname.lastname@example.org if only stalin were still alive, am I right
@igel State-capitalism is a terrible economic model.
@email@example.com can you explain how I could buy nintendo consoles in your ideal society? Cuz if you cant then it's just not something I want
@igel I don't have an ideal society.
If an item is not scarce, then you go and get it. If an item is scarce, we find ways to deal with that scarcity (non-capitalist markets, rationing).
Most scarcity is enforced, and you managed to pick a good example of one. Nintendo intentionally restricts how many items it produces to keep the price up in the name of profit.
Free markets are terrible at distributing goods to those who need or want them.
@firstname.lastname@example.org so you have no answers
@igel Yes, if you ignore the answer I gave you.
Distribution centres and stores are not special to the free market. It is always a question of scarcity, and the free market artificially creates it. It does not resolve it.
@email@example.com I have no problem buying a switch on amazon. No clue what you talk about, the thing is only 300 bucks
@firstname.lastname@example.org and I can buy all the games digitally. No scarcity
@igel Yes, digital goods are an example of effectively non-scarce items.
@igel This has been the case since at least the end of December.
@email@example.com not if you live in deutschland
@firstname.lastname@example.org deutschland deutschland ueber alles
@igel Germany got ripped off by an Austrian and then got its ass kicked by Russian farmers who they literally deemed as "untermensch", but ok.
@jospanner jobs only? I'm decently paid & don't think our company's useful.
@patter If we got rid of this silly work ethic that demands that so many of us do useless things or else starve, we could work less and live more.
@jospanner Also that rich people will profit off a disaster, selling stocks to crash the market and capitalize on everything then turn and sneer at giving people money to survive.
@jospanner not really.
@jospanner By exposing truths you mean this was always the case. I've taken to restudying economics in search of better answers and one of the first suggestions is that economics is a morally neutral system. It aims to be scientific but people disagree on how well systems work and more like Religion they tend to argue that anyone who disagrees with them must be either morally evil ie they hate humans and enjoy death and poverty for others or they are very very stupid. There are no free markets
@jospanner Just as there are no communist systems in place. Good results under Covid-19 appear to come from different economic systems. Though in many cases this may be due to faulty reporting. S Korea China New Zealand Sweden they don't have similar economic systems. India's figures don't add up as usual.
@jospanner Although it seems to be a universally held axiom that free markets are a very inefficient way for systems to organize in a crisis. Short-termism takes over. A better political and economic system in a crisis would be some form of command economy run by a benevolent dictator but only in the short run.
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