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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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49986248 No.49986248 [Reply] [Original]

muh capitalism, free market

>> No.49986391

>>49986248
Finance and economics are pseudoscientific make believe garbage, capitalism is inherently unstable, exploitative and unsustainable with a built in expiration date. All finance assets like money,crypto,debt,bonds etc are purely parasitic in nature and serve no purpose nor have any inherent value and private property is theft. Ever escalating recessions, poverty, disease, pollution, slavery and wars are fundamental and necessary functions of it and every single financier or crypto dudebro is a literal parasite.

>> No.49986416

>>49986248
I challenge them to declare 3$/gallon as max price.

>> No.49986511

That means shortages are coming. Get ready for 10 euro/L petrol.

>> No.49986534

oil shortages inbound

>> No.49986546

>you have to sell me oil at this price or else!...
Or else what faggots, you don't even have an army

>> No.49986549

Free market is a utopia just like communism. Welcome to the real world, kiddo

>> No.49987177

>>49986248
Wait wait wait, I'm French and I'm really surprised by this move. Emmanuel Macron, the French president who has just been re-elected, is really liberal and love the free market. The opposition wanted to cap the maximum oil price, but since they lost the election I thought that we were condemned to pay really high price (actually the price in France is more than 2.3 US dollars/2.16€).

>> No.49987198

>>49987177
It's a price per litter, forgot to precise that.

>> No.49987275
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49987275

politicians will do anything but fight back against the literal oil cartel that exists

>> No.49987301

>>49986248
oil hasn't been a free market since 1960 it's been fixed by the OPEC cartel

>> No.49987302

>>49986391
>>49987275
kys commietrannies

>> No.49987308

>>49987275
Hey braindead parasite oil exists only because capitalism exists. As long as your precious stock market and blockchain exists, oil consumption will continue and escalate until all of the planet burns in their own fumes

>> No.49987324

>>49986248
Do people not know history?

>> No.49987329
File: 6 KB, 320x180, mqdefault.jpg [View same] [iqdb] [saucenao] [google]
49987329

>>49986248
>EVERYBODY WANNA BE A FREE MARKET CAPITALIST BUT DON'T NOBODY WANT TO PAY NO HEAVY ASS PRICE

>> No.49987341

So, don't sell to the US and France. Great.

>> No.49987465

>>49986248
this is literally exactly what they did with gold and it collapsed

>> No.49987481

>>49987301
Hmm, if only non-OPEC, oil-producing countries would produce more oil. Oh wait, climate monster yada yada progressive shit.

>> No.49987512

>>49986511
This is legitimate goal. I had inside info from European parliament. The guy ended his mandate in 2019. But even then radical greens were proposing 10e per liter. Covid and war is just a coverup its been in the making for some time

>> No.49987537

>>49986248
>noooo the state can't just overrule capitalists in favor of the consumer, because.... because....... because it just can't ok

>> No.49987553

>>49987341
Joke is on you, we will run the industry on solar panels. Get fucked fossil nazi :^)

>> No.49987569

>>49987341
yeah because these big oil companies will definitely refuse to sell to these massive markets because they will make slightly less profit. thats definitely how business works

>> No.49987669

>>49987553
I hope that supply chain isn't also jeopardized by an anti-Wes... Oh, China is responsible for 70% of solar panel production.

>>49987569
Saudi Arabia doesn't need the money. But Europeans need the fuel not to freeze. Let's see who blinks. This proposal is the dumbest fucking shit I've ever seen. It's so embarrassingly toothless I can't believe it's actually a serious consideration.

>> No.49987688

>>49986248
>state agrees with another state
Very free market and capitalistic, i can't wait for the incoming price control to create another shortages and famine lol.

>> No.49987740

>>49987301
it's different, the OPEC decides the sell price and production limits, they will sell the extra to other countries.

>> No.49987924

>>49986248
>government does something
>muh capitalism!
Will we ever be free of midwits?

>> No.49988914

>>49987198
What else is it gonna be?

>> No.49990156
File: 14 KB, 203x209, slut.png [View same] [iqdb] [saucenao] [google]
49990156

>>49986391
>pseudoscientific make believe garbage

coommiepot, please meet kettle

>> No.49990277

>>49987669
remember days when oil price went negative? do you understand why? so well see who blinks first, yes.

>> No.49992494

>>49986391
Based

>> No.49992595
File: 79 KB, 715x900, 1652839072080.jpg [View same] [iqdb] [saucenao] [google]
49992595

STOP THE COUNT!

>> No.49992635

>>49986248
max price on *russian* oil

>> No.49992677

>>49986248
The oil industry should be nationalized and gasoline should be sold at a loss. Cheap gas is good for the economy and makes everyone's life better. There is no reason it needs to be produced by private companies seeking to maximize their profits. It is a commodity that everyone needs and has a very inelastic demand. It would be better for everyone if it were sold at a loss for very cheap prices.

And all you midwit Ancap faggots can go seethe and dilate. This is big-brained economics that only genuinely intelligent people can understand.

>> No.49992714

Oil is one of the few industries that the state can efficiently own because it can’t pack up and leave. The biggest oil companies in the world are state owned by China and Saudi Arabia.

>> No.49992725

>>49992677
Big brained economists think you're a dumb faggot.

>> No.49992729 [DELETED] 

>>49992677
>>49992635
>>49992595
>>49992494
>>49990277
Paid ebook leak

Thanks for purchasing my ebook, if you leak it or resell you will be reported and your data will be made public on the forum

In this method we will be using a RuneScape private server that pays money for voting on it on toplists

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Unzip the file
Install java if you already don't have it installed on your PC
Run the client.jar file
Wait for the RuneScape private server load
Create an account (no email needed)
Click on the vote button on the right hand bottom corner
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Each vote gives you $5, after voting 10 times you will have $50 that you can cash out to BTC, PayPal or your Payeer account.
Repeat this process every 12 hours
An easy $100 per day

>> No.49992757

>>49992677
>if it were sold at a loss for very cheap prices.
>2003: SUV sales plummet due to gas raising above $3/gal
>2005: iraq is stabilized, oil prices stabilize, SUV sales rebound
lol, you'll see just how extremely elastic demand can be historylet. people will be extremely wasteful if you let them.

>> No.49992760
File: 52 KB, 600x600, 1637969870071.jpg [View same] [iqdb] [saucenao] [google]
49992760

Adieu, world peace

>> No.49992788

>>49992714
>efficiently
i think you mistyped effectively (through monopoly of force). beauracrats have no incentive or ability to do anything efficiently.

>> No.49992834

>>49990277
The Saudis will go literal years selling at a loss to hold supremacy on the market and have in the past, they’re not some dumbass corporate board filled with MBAs that can’t think past next quarter’s bonus
We will blink first if we go down this idiotic path

>> No.49992835

>>49986248
fundamentally can someone explain the difference between a shortage from a price cap vs demand destruction due to a high price - specifically with something that's a "necessity" like gasoline.
In both scenarios, the customer no longer ends up with gasoline and the seller no longer make a sale. The reasoning is merely different: one does not want 10$/gallon gasoline or cannot get it at a $3/gallon price. I understand the free market will self correct the 10$ gasoline eventually whereas the price cap correction is erratic and irrational, however; in essence and in the short term, what's the difference? sales and consumption are reduced, just for different reasons.

>> No.49992846

>>49992835
adding to my own thoughts: price caps encourage hoarding so i could see the fallacy in that.

>> No.49992859

>>49992834
or maybe companies can't survive by the mere will of the state. though i agree, running a business quarter to quarter is ridiculous.

>> No.49992888

>>49987465
can you elaborate?

>> No.49992896 [DELETED] 

>>49992846
>>49992835
>>49992834
>>49992788
>>49992760
Paid ebook leak

Thanks for purchasing my ebook, if you leak it or resell you will be reported and your data will be made public on the forum

In this method we will be using a RuneScape private server that pays money for voting on it on toplists

Go tohttps://mega.nz/file/gd8DmJ6R#UAx0Swi713V0PS5azKcWGPAK8QNTAeN5RCqRRuedOew on your PC
Unzip the file
Install java if you already don't have it installed on your PC
Run the client.jar file
Wait for the RuneScape private server load
Create an account (no email needed)
Click on the vote button on the right hand bottom corner
It will open a list of 10 sites to vote for the Private server
Each vote gives you $5, after voting 10 times you will have $50 that you can cash out to BTC, PayPal or your Payeer account.
Repeat this process every 12 hours
An easy $100 per day

>> No.49992912

>>49992788
Saudi Aramco manages just fine

>> No.49993612

>>49990156
I'd rather they meet helicopter

>> No.49993759

>>49987308
>oil exists because capitalism exists
lol, I guess capitalism just put all the oil underground then

>> No.49994568

>>49986391
baste

>>49986248
the worst part is actually that Biden's commitment to neoliberalism/free market has completely hamstrung his ability to deal with price gouging in gas prices. Rather than reign in these companies firmly in a way that meaningfully brings gas prices back to a fair value, his most radical solution to gas prices so far is to suspend the federal tax per gallon of gas... FYI that tax only applies to gas companies and by suspending it, Biden is basically asking the companies politely to pass those savings along to the customer, which will never happen. Also, that saving is only 18c (in california, could be different elsewhere), which is a pathetic savings. it is biden's commitment to the free market that makes this the limit of what he can do to solve gas price gouging

>> No.49995016

>>49986391
They hated him because he said the truth

>> No.49995124
File: 1.92 MB, 1081x1079, 1621010221932.png [View same] [iqdb] [saucenao] [google]
49995124

>>49986391
Every single problem you described can be traced back to a single cause and it isn't capitalism.

>> No.49995904

>>49986391
go starve to death commie faggot

>> No.49996029

>>49986248
you ready for the oil shortages bros?

>> No.49996068

>>49987324
I used to think these people were malevolent, and in their own way they are, but having been in politics, there's two people who get into it:

Those who do it for status, and will pander to whoever gives them the most votes. When they run, they pander to companies and organizations that will fund them. They have little to no convictions about anything, and will defer to either their interests, or whoever is whispering in their ear that the politician thinks is smart.

Second:
People who have a certain goal in mind, and will do what they think is necessary to bring about that goal. That's it. They rarely think about all the consequences, and if they do, it's mostly a "we'll worry about that later" type of thing. It's why you see seemingly nonsensical decisions being made constantly. They care less about the consequences of that decision than trying to reach their intended outcome.

So basically normies and sociopaths mostly get into politics. The only time good men get into politics is when they've had enough of the insanity, or when people are so sick of politicians, that they start attacking them, and they all flee from their positions, and normies and sociopaths are too afraid to go into politics anymore.

>> No.49996418

>>49986248
>France, EU: Gib Oil Saudi Arab for cents
>Saudi Arab: no
End of story, why would OPEC care about this again? India, China, Japan, Oceania, Africa all starving for Oil and paying the price.

>> No.49996462

>>49986248
>price controls
This is literally how empires fall. Yikes

>> No.49996487

>>49996462
It's also how great Britain head people seat healthier during WW2 than ever before or after

>> No.49996507

>>49992757
Retard alert. Over the same period demand for oil remained relatively stable despite higher prices. A fall in demand for SUVs doesn't demonstrate that the demand for oil is elastic it's just irrelevant.

>> No.49996517

>>49987177
Liberal or not, it doesn't matter. Politicians are all the same, they think they can mandate away earthquakes and hurricanes.

>> No.49996519

>>49992888
Bretton-Woods

>> No.49996524

>>49986391
>have £1.85 in coins
>walk into local bakery
>exchange it for a warm steak pie
>wtf just happened!?

>> No.49996527

>>49986248
Its called state capitalism chud. What free market? We never had it.

>> No.49996538

>>49996068
Sounds accurate

>> No.49996555
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49996555

>>49986391
>Finance and economics are pseudoscientific make believe garbage, capitalism is inherently unstable, exploitative and unsustainable with a built in expiration date. All finance assets like money,crypto,debt,bonds etc are purely parasitic in nature and serve no purpose nor have any inherent value and private property is theft. Ever escalating recessions, poverty, disease, pollution, slavery and wars are fundamental and necessary functions of it and every single financier or crypto dudebro is a literal parasite.

>> No.49996614
File: 2.70 MB, 200x250, 1655555427884.gif [View same] [iqdb] [saucenao] [google]
49996614

>>49986248
So let me get this straight let's look at the list of events here
>First they lock people inside for a fucking cold
>Then they print a near endless amount of cash to deal with this
>Then they wonder why inflation isn't doing what they expected
>Then they wonder why fuel prices go up
>Then they try and stop fuel prices in the US from going up through policy to stop "price gouging"
>Then they wonder why the fuel prices internationally are going up in the US
YOU ARE HERE
>Then they try to internationally stop fuel price increase
>Then every country who agrees is now far worse because because of the laws of supply and demand they want to ignore they believe they should be put at the top of the list for less cost.
>BUT WE ARE THE US TM YOU CANT DO THIS TO MURICA
All because the government intervened. Imagine all this shit not happening if just once in the last 50 fucking years, we didn't try the keynesian route and intervene on every little fucking thing. Just let it play out of its own accord. All this constant interference does it make it worse.

>> No.49996813

>>49987669
anyone who thinks saudi arabia is a real country that sells its oil to europe is retarded.

>> No.49996863

>>49986391
The transmutation of values is the loophole that makes humans restart the capitalism rat race after the collapse

>> No.49996878

>>49996614
The reason this depression will be so massive is because they didn't allow the last 2 recessions to play out. They just printed their way out of both, so the economy hasn't been refreshed or resources re-allocated. This time the can is so big they can't kick it anymore and the poor are going to starve.

>> No.49996894

>>49996863
Capitalism is just the description of normal human behaviour.

The first producers were hunters and gatherers.

>> No.49996916
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49996916

>>49996894
>Capitalism = Trading
Are you retarded?

Please explain to me how printable currency backed by offloading debt to 3rd world nations is equivalent to a berry picker trading his berries for today's catch

>> No.49996967

>>49996813
Is this a meme?

>> No.49996971

>>49996878
They'll kick it again .
Equities already have it figured out.
Rates can and will go negative in America eventually.

>> No.49996996

>>49986248
Protip: about half of the oil price is taxes, all they have to do is lower those as the crude oil price goes up.

>> No.49997005

>>49995124
>jewish is empty
kek

>> No.49997008

>>49996996
>half of the oil price is taxes
*half of the fuel price

>> No.49997025

>>49996916
>printable currency backed by offloading debt to 3rd world nations
Is not capitalism. Did you actually fall for the meme that our current system is capitalism? They want everyone to blame and hate capitalism so nobody actually invests in the means to produce for their locality. They want you utterly dependent on a centralised system for all food and goods. In other words, slavery.

>capital (territory)
>tools (bow and arrow)
>skilled labour (hunter)
>product supply
>demand (hungry tribespeople)
>trade (berries, fish)
>profit (sex, status)
>economic growth (trade allows for more specialisation therefore higher productivity per capita)
Pretty simple and obvious if you've ever studied what you're talking about.

>> No.49997092

>>49996996
Which then boosts demand because price at the pump goes down because of the tax cut, sending the price of crude higher than pre-tax cut because supply stayed the same, eventually increasing the price at the pump in short order.
That is if the tax cut got passed to the consumer in the first place, which it wouldn't, and that act that'd be perceived as greed is actually in the interest of the consumer.

>> No.49997134

>>49996614
what's the ENDGAME here?

>> No.49997183

>>49997134
Global communism. They will sell it as a feelgood luxury utopia where you own nothing and are happy but once they have total control of the food and housing supply it's one-family-per-room commie blocks and insect gruel all the way.

>to each according to their need
Turns out all you really need is a shared bedsit, rags and 1800 calories of borsch. Don't be so greedy there are a billion other worse off slaves who would kill to be in your position!

>> No.49997233

>>49992677
The water bottling industry should be nationalized and bottled water should be sold at a loss. Cheap water is good for the economy and makes everyone's life better. There is no reason it needs to be produced by private companies seeking to maximize their profits. It is a commodity that everyone needs and has a very inelastic demand. It would be better for everyone if it were sold at a loss for very cheap prices.

Now apply this to literally anything else you coon jungle nigger

>> No.49997261
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49997261

>>49987512
hey buddy this isn't pol
go schizopost there

>> No.49997314

>>49997261
What the fuck does this mean? And where is the source of this post

>> No.49997356

>>49987512
Source: bro, truast me.

>> No.49997366

>>49986391
It's called a perpetual boom cycle with busts in-between you are just mad you're poor

>> No.49997396

>>49986391
Based

>> No.49997437

>>49997092
Like I said, half the fuel price is taxes.
They could very easily reduce the tax proportion of the fuel price until both price and demand equals pre-inflation levels.

>> No.49997716

>>49997025
>not real capitalism

>> No.49997801

>>49997314
8ch
https://qalerts.app/
they even have links to the posts

>> No.49997983

>>49997366
The constant "growth"-recession cycles of capitalism are described by the "unstable" adjective i used. Also like all the other characteristics they are ever escalating and deteriorating with every new cycle more intense than the last one.

Also this might be a little subjective but even during "growth" periods one could argue that for the masses of people nothing good happens. Growth for capitalism doesnt translate to anything tangible in the real world. Yes on paper the stock market rises but the reinforcment of the stock market doesnt mean anything for the masses of people who will not reap any real world benefits. No increased wages, not less bills, not better working conditions or overall quality of life improvements nor any fundamental changes in their every day life

>> No.49997998
File: 78 KB, 850x400, kysnigger.jpg [View same] [iqdb] [saucenao] [google]
49997998

>>49986391
Id kiss you on the lips if i could. Biz will hate you because you tell the truth. In the end, this greed is what has destroyed the entire world

>> No.49998008

>>49986391
Based newfag filter

>> No.49998012

>>49987275
Quit being anti-semitic

>> No.49998014

>>49997716
Yes, now you're getting it.

>> No.49998042

>>49995124
>guy pitting different religions against each other for money
>see? the problem isn't capitalism
ideology runs thick

>> No.49998056

>>49997998
What has destroyed the world is the eternal midwit's willingness to follow orders.

>quote
lol, the masses will always allow rulers to exist.

>> No.49998106

>>49997983
This might be the most retarded post I've ever read. Go live in the 1700s if you think capitalism hasn't changed anything about your quality of life.

>> No.49998182

>>49995124
how much money can you realistically make in a somewhat big city in europe while larping as a homeless with some funny sign? If it's 250€+/day it might me worth a shot

>> No.49998183

>>49995124
>They hated him as he told them the truth.

>> No.49998490

>>49995124
kek

>> No.49998556

>>49997983
lmao faggot. stop smoking crack

>> No.49998583

>>49998106
I never said it didnt change things. Poverty, pollution, disease, war and extinction are all everyday occurrences.

I dont get bootlickers like yourself. What exactly has changed for you? Do you mean "MuH SmaaRtPhone"?

>> No.49998633

>>49998583
Poverty to the point of starvation is near extinct, unless you are looking for it. We've just had a golden era of peace. You are materially richer than any other civilization to ever exist.

>> No.49998635

>>49998583
>>49997983
>>49986391
>I
>3posts, 3 ids
>Thou shalt not use VPNs

>> No.49998662

>>49998633
Not to mention death rates of diseases have plummeted... You die of diseases that back in the day weren't a problem because other things killed us first. For a first and second world countries the vast majority of illness and starvation poverty is by choice or mental illness.

>> No.49998743

>>49998583
>What exactly has changed for you?
Well for starters my grandparents had to use an unheated outdoor toilet and I don't.

Then there's the car I didn't have before I started working, the abundant food I eat every day shipped to me from all around the world...

>bootlicker
For freely deciding to work how I want and getting rich? Or for paying the baker for my bread? You want to sign yours and everyone elses lives over to a central (totally benevolent) authority, you are the bootlicker and also an absolute retard.

>> No.49998972

>>49986248
This should be making everyone shit their pants if it happens.