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Re:Universal Basic Income is Capitalism 2.0 by bmitc on Thursday July 30, 2020 @05:39AM (#23996234)
> Supply&demand does work.

Works for whom?

Re:Universal Basic Income is Capitalism 2.0 by WalterBright on Thursday July 30, 2020 @06:26AM (#23996507)
Those in a free market where prices aren't set by the government.
Re:Universal Basic Income is Capitalism 2.0 by bmitc on Thursday July 30, 2020 @06:46AM (#23996641)
So you're saying that it's hypothetically everyone then? I say hypothetically because the U.S. is only partially a free market (i.e., not a free market), and so that makes any appeal to the "free market" hold little water.

In what way is the increasing ratio of rent to income working for renters?

Re:Universal Basic Income is Capitalism 2.0 by bancb on Thursday July 30, 2020 @07:18AM (#23996832)
The government is a monopolist land owner that hands out new land at prices designed to please existing private land owners and lobbyists. This is as far removed from a free market as an absolutist monarchy.
Re:Universal Basic Income is Capitalism 2.0 by anxcv on Thursday July 30, 2020 @06:58AM (#23996717)
Prices are set by the government via zoning laws, sky high prices for new land and importing millions of new people like in Europe.

Where those in power comfortably sit in inherited properties and wonder why the plebs does not eat cake.

I believe in the free market, but the housing market is not free.

Re:Universal Basic Income is Capitalism 2.0 by WalterBright on Thursday July 30, 2020 @07:11AM (#23996793)
> Prices are set by the government via zoning laws

Zoning laws are not price fixing. Practically every dwelling in a zone has a different price on it, because of supply&demand.

Re:Universal Basic Income is Capitalism 2.0 by zo1 on Thursday July 30, 2020 @11:28AM (#23999285)
Zoning laws have a restrictive effect on supply, which in turn has an effect on prices.
Re:Universal Basic Income is Capitalism 2.0 by WalterBright on Thursday July 30, 2020 @04:24PM (#24002478)
That's quite different from setting the prices.
Re:Universal Basic Income is Capitalism 2.0 by nec4b on Thursday July 30, 2020 @07:12AM (#23996800)
For everybody. Like any other physical law of nature.
Re:Universal Basic Income is Capitalism 2.0 by dm3 on Thursday July 30, 2020 @07:40AM (#23996958)
That's not a fact. This is an interesting take on the "laws" of a classical economy[1].

[1] https://www.youtube.com/watch?v=LsUS3ynhAKY&feature=emb_logo

Re:Universal Basic Income is Capitalism 2.0 by nec4b on Thursday July 30, 2020 @07:52AM (#23997039)
Of course it is a fact, it is one of the most basic laws of nature. It can be observed in interactions of other biological species not only ours. It would still hold if there were no humans. Claiming otherwise is like denying gravity.
Re:Universal Basic Income is Capitalism 2.0 by claudeganon on Thursday July 30, 2020 @08:46AM (#23997449)
The “law” of supply and demand doesn’t even work across all categories of the economy, so it’s not at all like the law of gravity.

https://www.businessinsider.com/supply-and-demand-model-of-l...

Re:Universal Basic Income is Capitalism 2.0 by Nasrudith on Thursday July 30, 2020 @11:39AM (#23999419)
A model working and producing a personally.desired outcome are two separate things.

The assumption of a labor shortage because of low nominal unemployment is incorrect - the gig economy is thin margin as it is even with poor pay. It utilizes the previously "idle" labor in a marginal business model but without sufficient demand in other sectors it only provides a low floor.

Re:Universal Basic Income is Capitalism 2.0 by nec4b on Thursday July 30, 2020 @09:02AM (#23997598)
You are citing a political opinion from a newspaper to prove somehow supply and demand is not a natural law. What is next, an article in Astrology Today arguing 1 + 1 != 2.