Heard of so many people losing their phone. Then they try to log into something and the company (quite often google) says “I don’t give a fuck if you know your passwords I’m never letting you log into your account get fucked, don’t call I won’t answer”

You guys are really bad at understanding basic economy theory.

It works on supply and demand and assumes that everyone works rationally and with full knowledge.

The invisible hand of the market finding the optimal solution is basically the 0th law of capitalism.

Now economic policy, you’ll be amazed to understand is about fixing inefficiencies that do not allow for optimal conditions. Tonnes of people go learn about what are the issues with capitalism and how to make it better, that’s what economic testing is about. That’s why it’s better than socialism because it’s competitive and strives for change.

If people are forced to work for poverty wages then they are losing their true value and capitalism would be about trying to fix that value. If everyone had UBI that would equate the negotiating position of workers and they wouldn’t have to take poverty wages. That’s why UBI is the capitalist solution to that problem in capitalism. It allows to market to work the way economists want it to work.

Haha I have a degree in economics. That why I can see all the shit you tankies write as just plain wrong.

But I’m sure your youtube video on Karl Marx makes you an expert on these things.

People don’t use words as absolutes. America is largely referred to as a capitalist country. My saying that isn’t incorrect. But you can argue technicalities of words all you want, communism sucks or (mixed economies heavily leaning to communism sucks).

Capitalism depends on the threat of homelessness to function.

No it doesn’t

UBI is also a great idea within socialist economies, where there would be no force against it.

Maybe. But socialism is a stupid inefficient system, so it’s a non starter.

UBI works very well with the market based capitalist system. That’s where I think it will shine.

UBI is the perfect capitalist solution to the majority of problems. It should allow for less market distortion and could have some really interesting outcomes.

I’m very excited to see a first world country use UBI.

That an externalities can go a long, long way in this world.