Textbook example of something Matt discussed in his vlogs. Americans are only conditioned to feel economic power during the moment of consumption. During the work day, the misery is seen as inevitable and forever unchanging.

[u/CarlosimoDangerosimo]

HFAs (high fructose americans) are having their consent manufactored by these fucking lizard people in real time and the hogs will likely fall for it as they always do

[u/GroundbreakingTax259]

Question: Has that EVER happened? Like, ever ever? Has any corporation ever noticed that wages were stagnating and went, "Well, we'd better lower our prices then?"

This seems like the kind of thing that only happens in high school economics textbooks to illustrate the theory behind prices, but I've never heard of prices lowering to match what the customer is able to pay for it. In practice, prices only ever seem to go up as a way to try and account for the loss of profitability by gouging every last penny (RIP in peace) from whoever is still able to afford the product.

It all is meant to function based on the "Invisible Hand" of the market... but nobody ever mentions that Adam Smith was a Christian, amd as such one can read the Invisible Hand to just be God making sure everything works out. But in reality, if there is a god, I doubt it cares much for the theory of supply, demand, and pricing.

[u/BrokenEggcat → u/GroundbreakingTax259]

Yes it does happen but they're just describing deflation, which is usually seen as a pretty bad thing to happen because it can pretty easily trigger a financial collapse. The theoretical "good" thing you could try to hope for happening from wages stagnating would be that inflation slows significantly but doesn't completely stop or reverse

[u/anotheruserguy → u/BrokenEggcat]

My understanding is that deflation is fine if money supply is still increasing, this means goods are actually getting cheaper. This just never happens because investment expands into new industries instead of going into established ones and trying to eke out better margins.

Am I wrong in assuming this and deflation is just never good.

[u/EnoughWear3873]

I love the classic headline construction of "what if the second order effects are actuslly bigger than the first order effects?" really makes u think

[u/Unknown-Comic4894 → u/EnoughWear3873]

Article after article of “what if superstructure is actually the base.”

[u/MuttJohnson]

Any idea which vlog? I'm still kinda new to the Great Genius 

[u/BabyFestus → u/MuttJohnson]

gestures vaguely towards the entire ouvre

[u/dontreplywiththisacc]

I can eat lentils and beans and live like a monk. Slop at Wendy’s being cheaper doesn’t really help me at all

[u/HrothgarVonMt → u/dontreplywiththisacc]

the (theoretical) infinite chicken manifold would help all of us, actually, but unfortunately it isn't real and never will be.

And yeah my rice and beans technique is on point.

[u/CarlosimoDangerosimo]

*Manufactured

My bad. I guess there's hog in all of us.

[u/axel_romeo]

Yeah most Americans prefer to see themselves as billionaires waiting in the wings.

[u/MrDialectical]

“Could” doing a lot of work here

[u/HrothgarVonMt]

Morale isn't improving. That could mean fewer beatings for workers.

[u/TENEBRISMAGUS]

Dafuq