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Free Market theorist
(lemmy.world)
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this post was submitted on 24 Dec 2023
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I am not even saying that capitalism is remotely acceptable but prices going up doesn't imply inefficient of the system. Inflation could be a reason and inflation says nothing about efficiency.
Shit on capitalism. Be my guest. Just don't make bad arguments.
I thought they were coming at it from a supply & demand angle.
Inelastic demand on food and housing yet prices still go up.
That might be the case but generalized statement that are wrong, are wrong.
Don't generalize to the point of failure of your point. Especially in public, the in-group might understand you but the out-group will misunderstand and judge you and your ideology based on their misunderstanding.
Ok explain why the prices in my local supermarkets go up every three weeks. Go ahead. Whats the argument.
I'm not an expert in macroeconomics but I'd say some global effects are likely due to the invasion of Ukraine (global exporter of wheat) ABC News and US Gov, the rising price of oil (some fertilizer uses fossil fuels)NBC, and possibly that the world has changed due to Covid and that a lot of things had shifted along with it CNN. A country that once was in the top 5 of grain exporters dropping off the global map is going to shake things quite a bit and oil unfortunately affects so many different markets.
I know all this. We can go through all sorts of explanation to see why, it still does not make it okay.
Thank you for the explanation :)
Let's say for the sake of the argument and not remotely because I believe it is the case nor any other reason than for the sake of the argument, your prices go up due to inefficiency, that doesn't change the fact a increase in pricing doesn't prove inefficiency. Just that sometimes it is the reason.
My pet is a dog. Not all pet are dogs. The existence of pets doesn't prove the existence of dogs nor are all pets dogs.