• abhibeckert@lemmy.world
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    10 months ago

    You guys are really bad at understanding basic economy theory.

    It works on supply and demand and assumes that everyone works rationally and with full knowledge.

    Where that falls to shit is the assumption that “everyone works”. Only 132 million people have full time jobs in the United States for example. That’s just 40% of the population.

    In reality is basic economic theory is only useful if you’re explaining economics to a child. And you should only start there - you should try to make sure they have a far more comprehensive understanding of economics before they are old enough to vote.