this post was submitted on 11 Feb 2024
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Read Value, Price and Profit
This! The entire work is very short and it's marx dunking on some british nerd in the 1st international who kept arguing about the wage price spiral in the exact way as Bugs Bunny in this meme
yeah, its a fantastic dunk on citizen weston. also one of the texts that early on convinced me of socialism
Reminds me of my friend who's getting a business degree showing me some of her lectures. Dunno the English terminology for it but it was something along the lines of "Customers will spend a certain percentage of their income on different needs/desires (food, rent, leisure etc) that scales linearly with their income", down to assigning percentages to individual food items.
It took me like 30 seconds before I realized how completely insane and obvious nonsense that statement was. Someone who makes 500k a year obviously doesn't spend 10x as much on eggs as someone who makes 50k. The sheer ideology in these presentation slides was genuinely shocking. Complete lunacy.
tl;dr business majors aren't people.
Wasn't there a twitter thing with rich people budgeting for like gallons and gallons of milk for every day and wondering why they weren't any better off after a pay rise? If you're going to get a job charging commission to people who didn't need intelligence to earn their wealth, maybe this business degree lark has it's uses.
If you want to learn bourgeois economics, become conservative. If you want to understand bourgeois economics, read Marx. -- Rogan Renald
Business schools are fake schools, and a business degree is a fake degree.
I'll never forget randomly picking a business law class as an elective in college and on the very first day of that the professor bragged about being a right wing talk radio host, stated that if anyone ever left the classroom for any reason during class they would immediately be dropped from the course, and went on an unhinged rant about how the Duke Lacrosse case was a Democrat conspiracy against white people.
I dropped the class and took chemistry instead, where I got a professor who looked like a cross between Danny Devito and Wallace Shawn and who showed videos of him setting off crude bombs in the woods as part of his lessons on "exothermic reactions".
I went by the farmers' market the other day and a stall had duck eggs for $8-10 a dozen. Buying 36-packs from Walmart is maybe about $1 a dozen. I don't see it going much lower than that, or higher than $20, though.
For a while now I've been fairly convinced that everyday expenditures scale logarithmically with income. The increase is pretty smooth, and tapers off pretty smoothly too.