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Cake day: 2023年7月19日

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  • why would market electricity prices have any relation to what you pay on your power bill? turns out that companies will charge whatever they know they can, regardless of the cost of acquiring something to sell, should the cost of something be more than they know they can sell it for, they just won’t sell it.

    The idea that market prices influence what you pay for something is basically one of the main lies of supply side economics.


  • orrktoPolitical MemesIt is always capitalism's fault
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    5 个月前

    Capitalism was the one main force pushing for the end of slavery at the Contemporaneous Age. It’s basically the reason most of the world doesn’t have it anymore.

    nope, ironically it wasn’t the capitalist institutions, but rather religious institutions that called for an end to slavery




  • orrktoLemmy ShitpostSaint Luigi
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    6 个月前

    Under current economic conditions, economic wealth is necessary for the functioning of the economy

    is it required? to an extent, yes. but do we need 60% of everything to be owned by 10% of the population?

    As for the Capital flight, that is a myth, even the implementation of straight wealth taxes don’t see great multimillionaire migrations, because taxation isn’t a very strong factor, in fact a golf course or tow is a stronger pull, example Scotland vs Ireland when the UK was still part of the EU saw more ultra wealthy live in Scotland, a region with a higher tax rate, than Ireland, primarily for golf courses.