#economics

@ChrisMayLA6@mastodon.me.uk · 2h ago

Bite Size Economics no.18 'All economics starts with the relationship between supply & demand'. Economics is built on a simple argument: the price mechanism reflects supply & demand. While often radically *modified*, the crucial grounding of economics is that in an environment of scarcity (see BSE 15) when demand rises, prices rise unless supply also rises, and conversely if supply *does* rise that has a downward pressure on prices. From this, all else follows. #BIteSizeEconomics #economics

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Maeve

@Maeve@kbin.earth in progressivepolitics · Jun 10, 2026

The U.S. Is Terrorizing Cuba to Make Rich Men Richer

The U.S. Is Terrorizing Cuba to Make Rich Men Richer #cuba #capitalism #fascism #usd #hegemony #socialism #stateterrorism #economics #businessplot #smedleybutler #warisaracket Hover or focus to reveal Sensitive

Cuba’s blackouts are getting worse. Many are going days without any light at all and the public electric company is “fighting to provide even a few hours of power a day.” The gas stations are empty. There are “mosquitos everywhere.” People in high-rise apartments are cooking with charcoal, risking carbon monoxide poisoning and deadly fires. The suffering of Cubans has been inflicted upon them on purpose. It is the intention of U.S. policy to make the Cuban people suffer, and endanger their lives, in order to put pressure on their government. The Trump administration is waging a “pressure campaign aimed at forcing political and economic changes in Cuba.” The Trump administration, earlier this year, took “the almost unprecedented measure of blocking all oil shipments to a country with which it is not at war.” That means that food aid can’t be distributed on the island, because there’s no way to transport it. Once fully-stocked bodega shelves are now empty. (Not because “socialism” is causing shortages, since people had enough to eat before, but as a direct result of the blockade.) The UN reports that the U.S. policy is killing babies and children: “infant mortality has doubled to 9.9 per 1,000 births; childhood cancer survival rates have fallen from 85 to 65 per cent; and essential medicines are available at only around 30 per cent of normal supply levels.” The UN human rights chief’s verdict on the U.S. is scathing: “Such severe sanctions packages that target entire sectors of an economy and produce broad, indiscriminate and harsh effects on populations are incompatible with basic principles of international human rights law.” But even this condemnation is too mild. The U.S. pressure campaign amounts to nothing but terrorism: making people sick, making them poor, making them suck in carbon monoxide, starving them, denying children their cancer treatments, in order to try to force a change in their government’s policy. Crosspost from https://news.abolish.capital/post/55742

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Ingrid Hoeben Ⓥ 🇧🇪

@IngridHbn@mastodon.online · Jun 11, 2026

Stijn Bruers’ paper about an optimal animal welfare levy has just been published in the International Review of Environmental and Resource Economics https://www.emerald.com/irere/article-abstract/doi/10.1108/IRERE-06-2025-0001/1380053/Determining-an-optimal-animal-welfare-levy Chicken #meat should cost €8000 per kg. Farmed animal suffering is the largest market failure in our global #economy. #vegan #stijnbruers #emerald #economics #economy #environment #animalrights

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unusual_whales

@unusual_whales@masto.ai · 3d ago

Elon Musk says SpaceX could bring $1 trillion in revenue by 2030 #news #finance #economics #stocks #options

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Emeritus Prof. Christopher May

@ChrisMayLA6@mastodon.me.uk · 4d ago

Two regions have done well out of Brexit:

Northern Ireland, which has remained more integrated with the EU economy than the rest of the UK has seen its economy (measured by regional value added per person) increase more than any other region;
Rotterdam and surrounding environs, which have seen a major increase in warehousing by UK firms seeking to keep their stock/products within the EU.

Not sure either of those appeared on the side of a red bus….

#Brexit #EU #economics h/t FT

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Brandon Anthony Bedard

@bedardbrandon928@mastodon.social · 4d ago

We’re being conditioned to surrender to automated authority. It’s time to break the cycle and demand structural accountability. Read my latest on reclaiming human agency: https://open.substack.com/pub/brandonbedard/p/the-desensitization-loop?utm_source=share&utm_medium=android&r=7qos2e Images & text assisted by AI. #NUPA #UBI #UHI #policy #technology #politics #economics #economy #government #psychology #finance #fintech #Al #robots #futureofwork #writing #reading #substack #business #physics #science #markets #money #future #Terminator #Netflix #BlackMirror #RoboCop

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unusual_whales

@unusual_whales@masto.ai · 6d ago

Canadian social-media bill forces companies to label AI content, harmful material pushed by bot farms, per the Globe. #news #finance #economics #stocks #options

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unusual_whales

@unusual_whales@masto.ai · 6d ago

BREAKING: The average American is now closer to Jeff Bezos in net worth than Jeff Bezos is to Elon Musk, per MW The typical American household has a median net worth of roughly $192,900. Elon Musk’s fortune sits at approximately $1.2 Trillion, while Jeff Bezos has a net worth of #news #finance #economics #stocks #options

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Cyberlyra

@cyberlyra@hachyderm.io · 6d ago

McSweeneys on #Ai#economics "Benjamin owns a farm. He employs 100 workers plowing his fields. His total payroll is $10 million/year. One day, he buys a mule, which provides the worker who uses it with a modest 10 percent productivity gain. Benjamin fires 99 of his workers and purchases 99 mules, expecting a 1,000 percent productivity gain. The driverless mules cause plow damage to his property in excess of $50 million. Benjamin loses another $5 million due to the loss of productivity from his one remaining employee, who no longer guides a plow but instead spends 100 percent of his time shoveling mule shit. Goldman Sachs builds an altar to Benjamin in their lobby and cuts out the heart of a junior analyst on it every Friday. They call it “Blood Sacrifice Friday.” The name isn’t catchy, but the event becomes a management favorite nonetheless." 🤣🤣🤣 https://www.mcsweeneys.net/articles/ai-economics-for-dummies

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unusual_whales

@unusual_whales@masto.ai · Jun 12, 2026

Before SpaceX IPOs, let's talk about space. Join us with @temaetfs to talk about space and investing regarding their new ETF, $NASA. Join tomorrow at 1030AM EST: https://t.co/kdDP21m0Em #news #finance #economics #stocks #options

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Saorsa

@Saorsa@neondystopia.world · Jun 11, 2026

Anyone got the time to explain how two people widely thought to be baboons have managed to create and maintain their business empires? #AskFedi, #Economics.

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Bad

@Bad@hsnl.social · Jun 08, 2026

I don't understand why the concept of economic violence isn't more mainstream. Few people seem to use it, even in academic and activist circles. We have enough resources to give everyone a decent life. Not taking those resources to share them with everyone is a conscious choice by the state and other actors of power. When we do austerity politics, it is a form of economic violence: common folk are asked to suffer in ways that can be extreme (and lethal) so that the rich don't have to share. Words hold power, and labeling things correctly helps give them more meaning. Austerity is an euphemism. Economic violence is more descriptive. #economics #violence #politics

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➴➴➴Æ🜔Ɲ.Ƈꭚ⍴𝔥єɼ👩🏻‍💻

@AeonCypher@lgbtqia.space · Jun 01, 2026

Silicon Valley thinks they are working to create a permanent underclass because:

They do not understand #economics
They do not understand #technology or #AI

They think #AI can eliminate employment, because they actually believe the lie that #capital creates #work.

The reality is that #labor employs #capital.

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · May 27, 2026

CounterPunch.org | Bursting the AI Bubble: the Fed Could End the “Who Could’ve Known” Defense by Dean Baker AI generated summary, Read the full article for complete information. Dean Baker argues that, like the 1990s tech bubble and the 2000s housing bubble, the emerging AI bubble will cause massive financial and economic damage, yet the responsible investment managers rarely face consequences because they hide behind the “who could have known?” defense—pointing to peers who made similarly reckless bets. He suggests that the Federal Reserve, with its sizable staff of economists, could help deflate the bubble by publicly assessing whether current stock market valuations are consistent with realistic GDP‑growth and profit projections; such an official judgment would force fund managers to justify their price targets rather than shrug them off as inevitable market folly. While this approach could curb speculative excesses, Baker doubts the new Fed chair will pursue it, fearing political considerations will outweigh the need for market discipline. Read more: https://www.counterpunch.org/2026/05/27/bursting-the-ai-bubble-the-fed-could-end-the-who-couldve-known-defense/ #Enron #FederalReserve #economics

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🐝🐝🐝

@sampler@freebeerextremist.com · May 24, 2026

#indonesia #alcohol #politics #economics #islam more alcohol sellers keep getting busted in my city. there's some kind of cooperation going on between the police, a small number of local journalists, and an islamic students union at the local university . islamic students or local journalists announce a location is selling alcohol on social media, then police bust it shortly after. as in within hours. until now the police would take bribes from alcohol sellers and they would sell their drinks out of sight / behind closed doors. where to go for booze was an open secret but not a public issue . everyone was fairly mature and just looked the other way if they were not active drinkers. also police love drinking so sellers had to give away some amount of booze to police for free and that factored into prices ; goal of police action is not to eliminate alcohol but take a tighter grasp over the market the main illicit distributor (bootlegger-san) of my county recently gave up his position after police demands for bribes kept increasing at a pace roughly equivalent with the recent inflationary events & another guy starting creeping onto his turf. bootlegger-san was sick of having to suck cop dick and having a rival emerge probably just doubled the stress. guy has already not been doing well mentally, socially, financially for a while for reasons (....) not much longer after the big bootlegger guy decided to give up his role as "the booze guy" ... did the joint operation between police, journalists, and students go into effect There are two factors at play here: (1) I think police are working with the students and press to increase pressure on the new distributor to keep him complaint ; if they expected a 10% "tax" from old bootlegger-san I wouldn't be surprised if they are trying to get a 15% or 20% "tax" from the new guy (filthy pigs) (2) the only building that can legally sell alcohol in my county is a 5 star hotel that recently opened but is hemorrhaging money so I think the hotel operators are working with police to shut down competition in an attempt to bring revenues up it's an interesting case to study.... of course as a homebrewer and homedistiller (for personal consumption only) I am pretty insulated from what goes on in the rest of the city , but seeing the games the police play with the market and media & trying to understand what is actually going on from the outside is a fun challenge. I have my own map of alcohol sellers in the city that I was able to piece together pretty easily after living here for a few years and making friends with drinkers. and it's pretty easy to see the difference in the kinds of sellers that are getting hit by the media/police/radical islamic youth trifecta: smaller alcohol sellers that largely peddle in lower-quality drinks, OR the nicer restaurants and hotels, with no one in between. shitty restaurants selling shitty beer have not been busted yet. the underground liquor stores selling the better stuff are also not making it into the news at all

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Анна

@hannaB@social.vir.group · May 21, 2026

The narrative that regulation and taxation suffocate industry is tired. True, innovation does not bloom under bureaucratic thumb, but the state also builds the roads, enforces the contracts, and educates the workforce that lets industry thrive. A zero-sum view of public and private power ignores the reality that durable progress requires both guardrails and freedom. #industry #innovation #economics

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · May 20, 2026

CounterPunch.org | Import Prices Soar: Trump Says Exporters Too Low IQ to Eat the Tariffs by Dean Baker AI generated summary, Read the full article for complete information. Trump’s “liberation‑day” tariffs, which he insisted would be absorbed by exporters so consumers wouldn’t feel higher prices, have in fact been passed almost entirely onto U.S. businesses and shoppers; careful research shows that more than 90 % of the tariff burden falls on corporations or consumers, a conclusion reinforced by Bureau of Labor Statistics import‑price data that reveal a year‑over‑year rise of 2.9 % as of April—contrary to the expected drop if exporters were shouldering the costs. After a period of falling import prices in 2023 and 2024, the shift to rising prices adds roughly 0.4 percentage points to overall inflation, and the effect is likely to be felt at the retail level, even though wholesalers and retailers may absorb part of the increase. The recent surge is also amplified by Trump’s war with Iran, which pushes up global energy and gas prices, further inflating the cost of goods imported into the United States. In short, exporters have not eaten the tariffs; the higher import prices are a key factor behind the current rise in U.S. consumer prices. Read more: https://www.counterpunch.org/2026/05/19/import-prices-soar-trump-says-exporters-too-low-iq-to-eat-the-tariffs/ #DonaldTrump #LaborStatistics #economics

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · May 15, 2026

The Guardian | Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP by Amelia Hill AI generated summary, Read the full article for complete information. Britain’s 157 billionaires now control just under £670 billion—more than 22 percent of the nation’s GDP—a five‑fold increase since 1990 that the Equality Trust labels “ghost GDP” to illustrate how headline economic growth is increasingly disconnected from everyday life. While politicians point to rising GDP as evidence of a thriving economy, analysts such as Priya Sahni‑Nicholas and economist Gabriel Zucman argue that macro‑level indicators no longer reflect income gains for most people, citing the surge in wealth among the super‑rich and corporate tax‑avoidance tactics that inflate growth figures. The data show that the richest 50 families now possess more wealth than the poorest 34 million Britons combined, and that workers have endured the longest pay squeeze in living memory, highlighting a widening gap between wealth creation and broad‑based prosperity. Read more: https://www.theguardian.com/inequality/2026/may/15/wealth-britain-billionaires-gdp-rich-list-inequality #EqualityTrust #PriyaSahniNicholas #GabrielZucman #SundayTimes #Ireland #Britain #UK #business #economicgrowthgdp #economics #incomeinequality #inequality #poverty #richlists #society #thesuper_rich #PriyaSahniNicholas

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@ChrisMayLA6@zirk.us has moved

@ChrisMayLA6@zirk.us · Dec 29, 2025

For those wondering why many of the dire warnings about the impact of the Court of the Tangerine Tyrant on the US economy do not seem to have come to pass, Jeffrey Frankel suggests 3 things: a. US economic data is a mess right now so we cannot be sure what's happening; b. Many of Trump's tariffs have been delayed a number of times... and; c. effects takes me time to work through, and so thinking the waring were wrong is premature! time will tell! #Trump #economics https://www.theguardian.com/business/2025/dec/29/donald-trump-tariffs-us-economy-inflation-employment-2026

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Power_to_the_People (he/him)

@PttP@mastodon.social · May 06, 2026

RE: https://mamot.fr/@pluralistic/116527238498498125 Today's dose of Doctorow's De-programming: "This is the kind of doctrine you can only fully embrace after sustaining the kind of highly specific neurological injury that is induced by taking an economics degree, an injury that makes you incapable of perceiving or reasoning about power. Under the doctrine of revealed preferences, someone who sells their kidney to make the rent has a revealed preference for only having one kidney" #capitalism #economics #NeoclassicalEconNonsense

Quoting

Cory Doctorow @pluralistic@mamot.fr

One of my bedrock beliefs is that capitalists *really* hate capitalism. They may name their beloved institutes after the likes of Adam Smith, but they ignore everything Smith had to say about the necessity of competition to keep markets from turning into monopolies: https://pluralistic.net/2023/06/09/commissar-merck/#price-giver -- If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog: https://pluralistic.net/2026/05/06/champerty-loves-company/#circle-of-life 1/

Open quoted post

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#economics

The U.S. Is Terrorizing Cuba to Make Rich Men Richer

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