this post was submitted on 14 Mar 2024
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Capitalism thrives on scarcity (lemmy.ml)
submitted 8 months ago by yogthos@lemmy.ml to c/socialism@lemmy.ml
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[–] PeepinGoodArgs@reddthat.com 19 points 8 months ago* (last edited 8 months ago)

Basic neoclassical econ 101:

  • The demand curve is made of those willing and able to pay
  • The supply curve is made of those willing and able to produce

That's why there's a market for overpriced Gucci bullshit apparel while people literally starve in the streets.