memes

He's talking about a well known "issue" in Marxist economics called Economic Calculation Problem. Mises assholes love this one. The issue is it has been solved.... by capitalism. We have planned economics through vertical integration of suppliers of major chains, like Walmart. There is even a book about it called The People's Republic of Walmart that explores how companies like Walmart and Amazon solved this issue. If it were a problem, vertical integration of suppliers would not work and yet it does and their own economists praise it's success. Yet somehow when the same exact thing is done under socialist systems it is claimed to be something that goes against all rules of the "market".

I only want a compass that points the direction I'm facing. Otherwise, how will I know that it's pointing the same direction I'm facing?

The internet has normalized saying whatever shit comes to mind without any forethought and I can't quite say I'm a fan of this dumbing down of society

socialist planners can't just invent prices out of thin air

Which is why they don't do that in any planned economy. Prices are set rationally based on complex calculations, the main difference between centrally planned prices and free market prices is that there's no pressure to raise prices to the maximum for profit, and the state has the ability to make things more or less expensive (essentially taxing/subsidizing them) for other reasons instead. It can lead to a situation where the capitalist look at how cheap gasoline is in the Soviet Union and say "that doesn't make sense! surely people will just dump their unused gas out to get more free/near free gas to replace it" but in reality everything makes perfect sense within the planned system.

Funnily enough the metaphor of someone carrying a compass around with a magnet so "north" is always the direction they want it to be is a pretty good one for how economic policy under neoliberal capitalism has been going. So committed to being wrong they ended up right by accident.

bro thinks you say “i want to go west” and the compass points in that direction. LMFAO

Quick, let's put this person in the woods with a compass

It'll be really funny

this is an actual real tweet from an account which really does appear (aside from this) not to be intended as satire 😂

here is an archive, in case they ever figure out how compasses work and decide to delete it.

Socialist planners just can't invent prices

casually eliminates homelessness and inflation through state planning of prices

trying to navigate with a compass that always points north even when you're facing south

no real information about what people actually want or need

This is unintentionally very telling, by "people" this shitstain actually means "the bourgeoisie" who are definitely not people, and the bit about the compass is accurate because under capitalism prices are based on their morbidly selfish beastly delusions that need the goals of production to be so divorced from material reality that the contradictions will end up destroying the human race if they can get away with it

Once again demonstrating they need education rather than reeducation.

Most reality grasping libertarian be like

How can I know that housing, food, clear air, drinkable water, not dying in the apocalypse, unpolluted oceans, health, and transportation are important unless I have a price indicator?! How am I supposed to carry information about what people want and need? IRC?! Discord?!

In colonial Australia, the state artificially inflated land prices (which were extremely low because they'd killed all the natives) to put them beyond the reach of new colonizers, forcing those colonizers to work in factories and fields owned by an entrenched capitalist class.

Libertarians love price controls when they work in their favor.

It reads like it was written by an LLM

Edit: Actually, a lot of the thread does, and the AI art doesn't help. These people are doing a great job of representing capitalism, at least.

The "prices out of thin air" paragraph at the start is fascinating. They have 0 understanding of the labour theory of value and just flat out don't realise that capitalists are the ones who invent prices out of thin air, not socialists. I find a lot of these libertarian types have a vulgar understanding of the problems with the system, but they flat out refuse to read communist theory because they have been convinced that "socialism" is the problem, not capitalism itself.

LLM detected

MF think that the Jack Sparrow's magical compass is how real compass works?

Online libertarians not beating the "never going outside" allegations.

Is electromagnetism woking our kids?

I think this is a poorly remembered quote from Lincoln. Lincoln outsmarts a radical abolitionist who wants to value human life without thinking of the political cost to Republicans.

https://www.youtube.com/watch?v=nPfihz9-Ls0

Intelligently went and they sort of took a monopoly of the world's magnets and nobody needed magnets until they convinced everybody 20 years ago.

Let's all do magnets

There were many other ways that the world could have gone

But so for it'll take us probably a year to have them.

We're heavy into the world of magnets now only from a national security standpoint

Not beating allegiations that they are a cult.

It's so hard to distinguish between genuine libertarians and people making fun of libertarians...