▲ | bpt3 4 days ago | ||||||||||||||||
> I do not recognize that. That is the point of my argument. And my point is that you're going to continue to be frustrated and disappointed by refusing to use the same terminology for a topic as everyone else. > A large portion of economics is rich people trying to justify their own greed as being moral. Nope, but that view explains most of your reasoning. > Classifying goods as "essential" vs. "non-essential" is a way of telling poor people what they're allowed to have, and always has been. A good goes from "non-essential" to "essential" only when rich people are worried they'll get guillotined if the poor don't have access to it. Good lord. Which of these is more essential for human life? Food, or a luxury car? Basic medicine, or a trip to a casino? No one is stopping "poor people" from buying things from either category, but people clearly prioritize one over the other when funds are limited. > I'm aware that it has a definition in terms of what people are able to stop purchasing when their income goes down, or how consumption relates to income levels in general, but the former is a problematic definition for many reasons, and the latter does not actually coincide particularly well with the categories of goods people list off when they think of "essential goods". Humans in real life just don't respond to changing conditions the same way the little econs in your head do; they way you've decided they "should". So you do acknowledge the actual definition, you just refuse to accept it because you'd rather rage against the machine? Have fun with that. > Ever heard that humans don't "behave logically"? Yeah, that's economists with overly simplified models being annoyed that (mostly) poor people don't act the way that they've decided poor people should act. See the trend? Rich people also don't behave logically, for the record. It's almost like this class war you're describing is a figment of your imagination. > Ask four economists write out a list of "essential goods" and you'll get five different lists. That is not how definitions work. Ask four mathematicians whether something is a Commutative Ring or not and they'll all agree. That's a definition. "Essential" does not have a definition. Its meaning shifts depending on which group the author of the Wall Street Journal op-ed you're reading wants to villainize this time. Congratulations on your discovery that economics is not a hard science. You already said that essential does have a widely agreed upon definition above, so the rest of this rant seems odd. | |||||||||||||||||
▲ | feoren 4 days ago | parent [-] | ||||||||||||||||
> Which of these is more essential for human life? ... So you do acknowledge the actual definition ... And you don't acknowledge the actual definition, or you would have been asking about price elasticity, not what is or is not essential for human life. Plenty of people will give up Chinese takeout before they give up GPUs. > Food, or a luxury car? The luxury car, because it's grandma's old classic that Tom has kept in good enough shape to drive to his job, and he doesn't know how he'll get there when it finally breaks down, but he doesn't really have a penchant for fancy food and gets by with some cheap staples he prepares at home. > Basic medicine, or a trip to a casino? The trip to the casino, because Judy is getting evicted, and doesn't have any friends or family she can stay with, and won't survive the winter on the street, and hitting it big at Blackjack is unlikely, but desperate times call for desperate measures. And although she does sometimes take Tylenol for headaches, she's otherwise in good health and doesn't have any ongoing medicinal needs. What are we doing? You're deciding what other people need for their lives? > Rich people also don't behave logically, for the record. Of course they do, because however they behave, they have an army of op-ed writers, sycophants, and apologists who spew out post-hoc justification for their behavior, and viola, their behavior turns out to have been rational all along. Meanwhile, if the poor (and we are always talking about the poor when we are talking about "essential") stubbornly show an unwillingness to stop purchasing some good that some economist has decided is "non-essential", they're villainized and called irrational. Many of them even have refrigerators! > It's almost like this class war you're describing is a figment of your imagination. You choose now, in 2025, to deny that there's a class war? That's certainly a take. | |||||||||||||||||
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