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The invisible hand of the free market at work (lemmy.world)

submitted 2 months ago* (last edited 2 months ago) by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world

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[-] pdxfed@lemmy.world 11 points 2 months ago

Oh it's invisible alright.

[-] Doomsider@lemmy.world 8 points 2 months ago* (last edited 2 months ago)

The average person needs close to fifty dollars an hour to afford a home, healthcare, transportation, food, and a retirement unless they live in a depressed area. If you have children you will need more.

Of course almost no one gets paid this. That tells you all you need to know about our current system.

[-] DimFisher@lemmy.world 4 points 2 months ago

Not from us, so I can't understand why the healthcare system there is private and so expensive when you still pay taxes!

[+] reddig33@lemmy.world -11 points 2 months ago

Not sure what “underpaid teacher” has to do with the free market. This is a position paid by tax money. And at least in Texas, that money is hoarded by the state instead of being added to the teacher’s salary because the state government is trying to kill off public education.

If it was “free market” you’d be paying out of pocket for private schooling.

[-] BmeBenji@lemm.ee 10 points 2 months ago

The free market of politicians for sale has opted to buy only the politicians willing to pay teachers poverty-level wages for extremely difficult, emotionally exhausting job that has an impossible list of to-dos in an impossibly short amount of time.

Public school teachers experience EVERY single one of the worst elements of capitalism either directly or indirectly by only one or two degrees of separation. Never underestimate how shitty life is for teachers specifically because of capitalism

[-] HappycamperNZ@lemmy.world -2 points 2 months ago

This isn't a politicians issue - well, not directly and one of the few that isn't their fault.

Politicians have to be voted in. Any that tries to increase rates, costs or taxes gets voted out. Its not them - its us voting for our own interests... pretty good prisoners dilemma application actually. If every politician increased the costs we would all be better off - better educated students, more engaged teachers, follow on effects of lower crime and better work prospects - but if 5 potential have it as their platform and the 6th reduces the cost of living who gets in?

[-] BmeBenji@lemm.ee 2 points 2 months ago* (last edited 2 months ago)

The only politicians who gain any traction in the public eye before an election are the ones who have already been bought and paid for by megadonors or massive parties. That’s where their campaign funds and so much more come from. Politicians not wanting to appropriately fund or staff schools is 100% a capitalism issue and it is the fault of the system that we never see schools with the right amount of funds or teachers.

[-] HappycamperNZ@lemmy.world 5 points 2 months ago

Not sure why you're downvoted - its completely correct.

The "issue" with teaching and healthcare (in socialist systems anyway) is that no matter how good you are at it your organization doesn't get to charge more. The system literally throws supply/demand out the window as 1, everyone needs it by law and 2, its free. Its done as a "cost to service" and that demand will always exist, and a budget will be applied to service it.

Before some smart ass comes in, there is technically supply and demand, but 1, supply is a wall and 2, demand is a straight line at p=0. Multiple economic theories can be applied, but its not the invisible hand theory.

[-] zzx@lemmy.world -1 points 2 months ago

Who's talking about the free market here?

[-] JackGreenEarth@lemm.ee 4 points 2 months ago

The OP's title?

[-] zzx@lemmy.world 2 points 2 months ago

Oh I'm an idiot

[-] HappycamperNZ@lemmy.world 2 points 2 months ago

Better paid teachers would help that.

[-] zzx@lemmy.world 3 points 2 months ago

Lmao

[-] i_dont_want_to@lemmy.blahaj.zone 2 points 2 months ago

The title

this post was submitted on 01 Nov 2024

303 points (97.2% liked)

Housing Bubble 2: Return of the Ugly

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