So much of it feels downright…esoteric at times, like a bunch of magical rules and spells that are completely arbitrary and mysterious. The sheer amount of bending over backwards economics do to try and explain away stuff like the labour theory of value is astonishing.
Ok, this is just wrong in so many ways. An “economic lens” would call this a tragedy of the commons if it’s legal in that society and attempt to calculate the damage through various means. Which would make the dumping far more expensive than proper disposal.
If you want to say from a micro economic perspective, considering only maximizing profit for the individual firm, ya. Economics isn’t a blanket term for corporate capitalism.
But seriously you should learn economics. It’s so fucked up when you’re looking at it with class consciousness.
So much of it feels downright…esoteric at times, like a bunch of magical rules and spells that are completely arbitrary and mysterious. The sheer amount of bending over backwards economics do to try and explain away stuff like the labour theory of value is astonishing.
Yea, you’ve just got to ignore all that stuff and look at it through a materialistic lens; look at how it’s used in accounting and business.
Like “perfect competition” 😂. Tbf i think even M. Friedman debunked perfect competition.
On purely economic lens, dumping toxic waste into rivers is more efficient than looking for alternatives.
Ok, this is just wrong in so many ways. An “economic lens” would call this a tragedy of the commons if it’s legal in that society and attempt to calculate the damage through various means. Which would make the dumping far more expensive than proper disposal.
If you want to say from a micro economic perspective, considering only maximizing profit for the individual firm, ya. Economics isn’t a blanket term for corporate capitalism.
Yeah people who think econ 101=all economics pains me