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The Economy (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

16 comments fedilink hide all child comments

sjolsen & @[email protected]

Kspacewalk2 13 minutes ago | prev | next [-] fwo economists are walking in a forest when they come across a pile of shit. The first economist says to the other "I'll pay you $100 to eat that pile of shit." The second economist takes the $100 and eats the pile of shit. They continue walking until they come across a second pile of shit. The second economist turns to the first and says "Ill pay you $100 to eat that pile of shit." The first economist takes the $100 and eats a pile of shit. Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing." "That's not true", responded the second economist. "We increased the GDP by $200!" 16 Sept 2023, 20:45 530 17

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[–] [email protected] -1 points 1 year ago (2 children)

Two communists walk through the woods. One has $100. The other shoots him for the $100 and buys a a bag of shit from the community store to feed his family. Such is life.

[–] [email protected] 0 points 1 year ago (1 children)

I get you're a troll account trying to get a rise out of people but you can at least try to be funny while you're baiting people.

[–] [email protected] -1 points 1 year ago

you are getting very close to self awareness buddy. You can do it!

[–] [email protected] 0 points 1 year ago (1 children)

This is the dumbest shit I've ever read in my life. Read books.

[–] [email protected] 0 points 1 year ago (1 children)

“Meh, books are woke”

-that guy, probably

[–] [email protected] -1 points 1 year ago (1 children)

Are you assuming I dont read books because I made a joke you didnt like? Wow, you must be insufferable to be that quick of judgement.

[–] [email protected] 0 points 1 year ago (1 children)

No, i assume you don't read because you made ignorant statements.

[–] [email protected] -1 points 1 year ago

Genocide denier fuck off. 🖕

Go larp somewhere else, I blocked your ass.

[–] [email protected] 1 points 1 year ago (1 children)

Not going to disagree that GDP is a bad measure of economic productivity, but, theoretically, in this case both the economists also got utility by enjoying themselves by paying the other to see them eat excrement. Assuming humans to be rational, it could be argued that there was a net gain of utility (if 100 $ is worth more than what you lose from eating excrement) or at least remained the same, since the buyers considered the entertainment they get to be worth at least 100 $ and that the service providers considered their service to be worth less than 100 $).

But now I feel stupid for writing this.

[–] [email protected] 2 points 1 year ago (1 children)

The whole assuming humans to be rational part is what messes up the calculation.

[–] [email protected] 0 points 1 year ago (3 children)

The core of capitalist economics relies on two things: perfect knowledge and rational people. I believe capitalism can work in so far as we have those two things.

[–] [email protected] 1 points 7 months ago

So you're saying capitalism will literally never work? Based.

[–] [email protected] 0 points 1 year ago (1 children)

Sort of like a for-profit healthcare system will work if it relies on two things: everyone can afford insurance and everyone is very healthy.

[–] [email protected] -1 points 7 months ago

So long as we never have to use this time machine, it works perfectly!

[–] [email protected] 0 points 1 year ago (1 children)

So only in our dreams. Got it

[–] [email protected] 1 points 1 year ago

Well, it turns out they're nightmares at the moment, but yes, basically.