this post was submitted on 05 Jan 2024
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I'm ignorant, and maybe I shouldn't ask this in a meme community, but wouldn't a UBI become the new $0?
Like all the corporations now know we get x-amount more so now prices are adjusted to take a portion of that across all sectors, and now I'm back to not being about to afford the same things as before? Idk I don't have an econ degree.
Those corporations would still be competing with each other to be the one we spend that $ at though.
I think one of the most common sources of confusion about economics these days is not drawing the line between a market corrupted by some price-fixing cartel, and a free market where actual competition takes place.
Lots of people just assume collusion in all markets. I think that’s a cartoonishly simplistic view of the world, but you gotta remember lots of people assume “capitalism” refers to the thing better called “a price fixing cartel”.
They will, but then there are landlords who can jack up prices for no reason and you'll pay them because you don't want to be homeless. Landlords win, everyone else loses.