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"It's Communism": Kamala's First Economic Plan Proposes Price Controls To "Combat Inflation"
(www.zerohedge.com)
this post was submitted on 15 Aug 2024
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and this is how the starvation starts. With caps on prices, it becomes unprofitable and they just reduce supply. Talk to any survivors of communism and low food supplies has always been an issue.
Record profits from grocery stores and food suppliers. But please, tell me more about how they can't afford to drop prices and it would be unprofitable.
Keep in mind, unprofitable means going into the red; not just making less profit than the previous quarter. Infinite growth is an insane philosophy, especially for basic goods.
@aniki @wintermute_oregon "Only mean people have healthy margins in their business ventures" is the quintessential terminally online take
Healthy margins ≠ record profits
@agamemnonymous Record profits ≠ bad
Record inflation is though, and makes all the nominal profits numbers go up without adding any extra underlying value to the companies balance sheets.
@nicholas @agamemnonymous The real reason we're seeing record profits is that big businesses are preparing cash stockpiles ahead of the inevitable economic collapse that financial experts and insiders are all expecting, but nobody wants to talk about that.
My common response to the "corporate greed" accusation is asking if squirrels are greedy for hoarding acorns for the winter.
When they're hoarding billions of acorns, leaving little for the other squirrels, then yes.
@agamemnonymous Which is what all squirrels would do if they could 🤷🏾♂️
Then yes, that's greed.
@agamemnonymous I'm a bit curious on this point actually. Let's say that a pack of chicken nuggets from #TysonsFoods costs $18 when it should cost $15. Where do you think a parent of children is likely to spend those extra $3?
On their many other living expenses?
@agamemnonymous Such as?
I'm not sure where you're going with this. Do you not know what living expenses are? Food, clothing, utilities, housing, etc.
@agamemnonymous Yes I do, I'm just trying to get you to think about something.
So, food, clothing, utilities, housing. Who makes money from these products and services?
The businesses that sell them. Cut to the chase.
@agamemnonymous We're getting there! This is something we will need to go through step by step, I'm suspecting.
What are some of the businesses that offer these products and services?
I'm not going back and forth for 20 comments while you derive the principles of an economy one sentence at a time. Make your point.
@agamemnonymous Hey! That's not the name of a business!
I have things to do today and you're wasting my time. If you can't lay out your argument succinctly, then you don't understand it. Take your time, make your argument, and then I'll pick it apart. Otherwise, I'm not interested.
@agamemnonymous I understand my point, but I doubt you will if we don't walk through it bit by bit.
If you don't have the time for this conversation that's fine. Go do what you need to do man! I hope you enjoy the rest of your day.
This is not the platform for a chain of conversational micro transactions. Your method is fine for a verbal conversation, but that method is not appropriate here.
I understand economics well enough for you to skip to your actual point. I've been reading proofs long enough to identify logical missteps in a long chain of reasoning. If you don't have the ability to condense your point into a single comment with your reasoning laid out, I doubt your claim that you understand it.
Trying to engage in a rational conversation with someone on this community is pointless.
You realize that food producers in a communist nation wouldn’t be supposed to make profits, right? The problems with that in various countries were from poorly done central planning.
It's an inherent flaw in communism. People starve under the system.
Source? Communism has never been implemented, and the systems designed to transition to communism, e.g. the USSR, we're actually pretty successful in decreasing hunger. People starve under capitalism.
Yes, it has. Venezuela, Cuba, the soviet block.
Starvation was common under the Soviets.
https://www.historyhit.com/why-did-the-soviet-union-suffer-chronic-food-shortages/
Talk to anyone who survived communism. It is a common theme. That is why one of my friends defected. He came to America and saw a grocery store.
Not any more than it is under capitalism. People starve under that system too. Meanwhile you have Republicans crying that a state might pay $1.50 a day to feed a needy kid lunch at school. Why is that even necessary then?
My friends who survived communism would disagree with you. Do you have a cite to show otherwise?
Looking at Venezuela, I have not seen anything like that here, have you? or Cuba? When I was in Cuba, malnutrition was common.
Do I have a citation that starvation exists in capitalist countries as well? I don't think comparing the rest of the world to the US, which is extraordinarily well-positioned economically for a variety of reasons, makes much sense. Even so, we have 15-30 million people in the US who experience occasional or chronic food insecurity.
As far as Cuba, who knows how they would have done without decades of a US trade embargo. Venezuela has suffered under looting and misrule by authoritarian dictators, not communism.
Cuba is only embargoed from us. Pretty much everyone else in the world trades with them.
Authoritarian dictators. Communism. It is all the same thing.
Ha ha, no. If that's the angle you're coming from that explains a lot.
Name one that hasn’t been the same.
oh, a capitalist economy? yep, they all feature people on the lower economic rung starving. check out the industrial revolution in the UK for a great example.
@zeppo @wintermute_oregon Nobody starves under #Capitalism, real #Capitalism hasn't been tried
That's a nice try at a joke, but in real life, it sure has been tried and it's brutal. I think I already suggested looking into industrial revolution era Great Britain? The insane shit that happened there is the reason we have regulatrions on capitalism. Of course, we still get kids, politicians, morons and ornery old people who aren't very well informed about history and don't comprehend why we don't do "real capitalism".
Starvation in America is rare, as is the case in most modern capitalist societies. It is still a normal condition in communist countries.
You're definitely great at being stubborn about your complete lack of awareness of reality. It's worth noting that you're incorrect, as well as that you're fighting a strawman: there is not even the most remote chance that the US is implementing any form of communism.
I'd suggest perhaps becoming more informed about the realities of poor nutrition caused by lack of access to food in the US. One issue is that due to how capitalism works, people of lower economic status often lack access to nutritious food. It's more profitable to distribute cheap addictive crap, and it's not profitable to try to sell higher quality food in poor areas. Apparently according to the horrific political beliefs held by people such as yourself, poor people don't deserve to have access to higher quality, more nutritious food.
"The dual burden of malnutrition in the United States and the role of non-profit organizations☆" https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6214863/
" Facts About Child Hunger in America" : https://www.nokidhungry.org/who-we-are/hunger-facts
Meanwhile you have Republicans acting enraged about the idea of feeding poor children free nutritionally balanced lunch at school, which is sometimes the only reasonable meal they can get in the entire day. It's puzzling how people who claim to have the moral high ground on so many issues take completely indefensible, nakedly evil positions on that supposedly due to some strongly held economic belief. It's enough to make me hope that Christianity is true so folks like that can be tortured by satan for an infinite amount of time (that's what Christians believe happens to evil people, right?)
@wintermute_oregon @Amoxtli To be fair to the others, this isn't technically #Socialism or #Communism, it's a #MixedMarket. Problem is that you're also right, this is how we drift away from #Capitalism.
The left wingers in the thread aren't upset that this is being called out because it's inaccurate, it's because they want #Communism but understand that #Communism is scary to the masses because of its past failures.