Maybe what can happen is that the people who benefit from it donate back into the organization of this room when they have the means decades later?
The room the economy can't see
21–30 of 296 posts
Re: The room the economy can't see
#22>> A basic floor of income that everyone gets,
Surely the author has to know that providing UBI is just going to lead to inflation of rent, food, and transportation.
Re: The room the economy can't see
#23Markets are only free when both sides of a deal can walk away from that deal. Free marketers go on about state coercion, but their idea of a free market is at least as coersive as the regulatory state.
Re: The room the economy can't see
#24Very good and well-written. I wish we would also acknowledge that the market, by disincentivizing spend on stuff like this, is performing well. It is optimizing. The reason it matters to acknowledge this up front is so that we can, as the article says, get to the rule below all this which is that the market is default. This is a clear and thorough example of how the profit motive does not lead to the life any of us w…
Or what if the average consumer wants to live a different life than what you want? I long for the memories of my childhood where I spent it outside for hours on end or when I had the opportunity to use the phone line to use the internet but I am not fully convinced what people what are third spaces. It’s hard to answer and I think partially for better or worse why markets are often a useful tool to o help figure it out. Never perfect but maybe better than the alternatives.
Re: The room the economy can't see
#25It is clear that having that room exist is a priority for some people. The market doesn't have a will of its own or compels people to be efficient and produce returns (which, by the way, this room surely produces down the line). The market is the cumulative wants and needs of the people matched against the cumulative offerings of the same people. Nothing more and nothing less. This room is clearly a need and a want f…
You are presupposing that an efficient market emerges from a collection of dark patterns, coercion, and exploitative pricing, and turns these low quality inputs into an efficient market that creates overall beneficial results. Cool theory bro.
Re: The room the economy can't see
#26>> A basic floor of income that everyone gets, Surely the author has to know that providing UBI is just going to lead to inflation of rent, food, and transportation.
Things now are completely different than 5 years ago /s
Re: The room the economy can't see
#27>> A basic floor of income that everyone gets, Surely the author has to know that providing UBI is just going to lead to inflation of rent, food, and transportation.
Proponents of UBI usually also suggest countermeasures to the (real) issues you pointed out.
Re: The room the economy can't see
#28>> A basic floor of income that everyone gets, Surely the author has to know that providing UBI is just going to lead to inflation of rent, food, and transportation.
Bunch of research on this, and while it does lead to some inflation, so long as competition is acting on the market only a small percentage goes on this.
Re: The room the economy can't see
#29Very good and well-written. I wish we would also acknowledge that the market, by disincentivizing spend on stuff like this, is performing well. It is optimizing. The reason it matters to acknowledge this up front is so that we can, as the article says, get to the rule below all this which is that the market is default. This is a clear and thorough example of how the profit motive does not lead to the life any of us w…
In my follow up pieces in the series, I detail a way to make the economy actually see a lot (not all, but way more than before) of that value. I'm pretty proud of it. It might be politically hard, but it's theoretically very sound.
This was very well written, thank you. Looking forward to the follow-ups.
Re: The room the economy can't see
#30[flagged]