/lit/ - Literature

>>18340542
>Capitalism works because consumers buy products from businesses that take that money to invest in their businesses to make their companies more productive to increase the supply in goods.
Are you saying corporate investment has more to do with consumer demand than capital markets? That's against the claims of the like of Hazlitt.

>>17820318
There's noting really that confusing if you understand macroeconomics. The Asian financial crises in the late 1990s caused a flood of dumb money into America. The Clinton administration wanted to eliminate the national debt so without that outlet where was all those savings going to go? Into the hottest flimflam... all kinds of start up corporations got access to tons of money and were able to take on even further levels of liabilities they couldn't seriously manage.
Also when I google Sonic Inflation I only get a bunch of furry fetish art

>>17753784
A pragmatic liberalism is the only workable position. Leftism is about trying to impose a form of justice/equity which just breeds resentment and destabilizes things but rightism is about defending tradition and individual property rights which are inherently not mutually workable and always destabilizes itself. Only a form of liberalism without any care about tradition or attempt to right historic wrongs and largely indifferent to "moral hazard" can keep on truckin' because it's not ideologically rigid

>>15839727
I'm not who you're responding to but it's not a"mind set" issue but political economy issue. If you spend 12k "training" that doesn't mean it'll translate into anything necessarily and ending up with a bunch of highly educated people sitting around not being able to get employed paying high rents for everything might be very dangerous socially speaking. You're basically operating in the current neoliberal idea of job creation but being a little more liberal with subsidizes. The idea people need to invest in themselves more to make themselves more employable has been the consensus view for the past 40 years, western governments have been subsidizing job training in some form and giving loans for this type of stuff instead of getting corporations to invest in employing people with no skills.
Also more money won't necessarily create more consumer spending, people may save more... so instead of buying stuff they can convert their cash to cryptocurrency or something else to try to get in on the action which is easier than ever.

>>15839807
"Automation" can only be overstated in the same way immigration is. They both cause short term unemployment but long run pay off. Now if you got laid off because of either you problem don't care about the long run.
China obviously wants to move up the value chain (like every country should) but you're talking about stuff that happened 20 years ago. The jobs "stolen" were producing low end consumer goods which I don't see why Americans should want but America doesn't have a functioning system to deal with unemployment so people think standing in a factory for sub-minimum wage even looks good. China used the profit from that to modernize which is the goal of every economy... now it's a little embarrassing it worked out better for them than those that followed the Washington Model more closely.
People used to say similar things about the Soviet Union you know, since they produced more pig iron and such they were going to overtake America. As late as the Reagan administration the government was trying to make the Soviet economy seem like a threat.

>>15477320
You're blabbering without a unit about something vaguely defined. Your preferences alone can't change anything material only real investment/research can. Marx was only interested in a theoretical long run where prices have to be somewhat "objective" because you need to assume that or you can't rationally talk about anything.

>>15479596
>the tradeoffs to produce a car are greater than the tradeoffs to produce a toothbrush
But why?

>>15479627
What's your opinion on Say's law?

>>15479693
The interesting thing is everything isn't exchanging at radically different prices for everyone all the time because markets are global. That's what capitalism is really all about, creating mass production and distribution.