site banner

Quality Contributions Report for April 2023

This is the Quality Contributions Roundup. It showcases interesting and well-written comments and posts from the period covered. If you want to get an idea of what this community is about or how we want you to participate, look no further (except the rules maybe--those might be important too).

As a reminder, you can nominate Quality Contributions by hitting the report button and selecting the "Actually A Quality Contribution!" option. Additionally, links to all of the roundups can be found in the wiki of /r/theThread which can be found here. For a list of other great community content, see here.

These are mostly chronologically ordered, but I have in some cases tried to cluster comments by topic so if there is something you are looking for (or trying to avoid), this might be helpful. Here we go:


Quality Contributions to the Main Motte

@ymeskhout:

@gattsuru:

@johnfabian:

Contributions for the week of April 3, 2023

@Soriek:

@FiveHourMarathon:

@grendel-khan:

@ymeskhout:

Recognition Diplomacy

@naraburns:

@07mk:

@FiveHourMarathon:

Contributions for the week of April 10, 2023

@HlynkaCG:

@TracingWoodgrains:

@FlyingLionWithABook:

@Soriek:

@RandomRanger:

Transitive Reasoning

@Lewyn:

@self_made_human:

@roystgnr:

@RandomRanger:

@TracingWoodgrains:

Contributions for the week of April 17, 2023

@gattsuru:

@ControlsFreak:

@faul_sname:

Identity Politics

@throwawaygendertheorist:

@RenOS:

@SophisticatedHillbilly:

@FCfromSSC:

Contributions for the week of April 24, 2023

@naraburns:

@faul_sname:

@Dean:

@self_made_human:

Discriminating Taste

@RenOS:

@Unsaying:

@Esperanza:

@FCfromSSC:

@MonkeyWithAMachinegun:

@laxam:

@DaseindustriesLtd:

19
Jump in the discussion.

No email address required.

Now do food.

Suppose there is a food cartel that has gained sufficient market power that they could restrict output, raise prices, and profit according to standard monopoly theory. If you are in a position where you can't afford food, you're going to go without food or you're going to be saddled with food debt. If the food cartel perfectly price discriminates, then you can get food for exactly your willingness-to-pay (i.e., you have basically nothing left for any other aspect of the Good Life).

This is the threat that the cartel issues in order to get you to be willing to have the government come in and hand them the tools to price discriminate perfectly. But that's all it is. It's a threat. Blackmail. From their position of market power.

You're right that once we've gotten ourselves into such an abhorrent situation with the food cartel, maybe it's an appealing trade-off. But hot damn is the vastly better deal to break the food cartel, create a competitive market, watch the price of food fall to the marginal rate of production, and see everyone eat plenty of cheap food and have money left over for, like, flatscreen TVs or whatever.

This is sort of the point of my OP. We see this progression of reasoning happening over and over again in all these domains where the gov't comes in; they subsidize demand, restrict supply, create a de facto cartel, completely destroying the competitive market. Then, when your back is against the wall and all seems lost, they issue the threat. "Just let us take all the surplus now; it'll be epsilon better for the poorer part of the population." And they're right! It is epsilon better for the poorer population (and significantly worse for the richer part of the population).

The real problem is that you put yourself in such a vulnerable position to such a threat. That you let the gov't subsidize demand, restrict supply, and set up a de facto cartel. The first best solution is to undo all of that shit. The second best solution is to observe on the internet how the same dynamic that results in this threat seems to keep materializing over and over again. A distant third is to just give in to the threat, trading what's left of consumer surplus for the richer part of the population in exchange for an epsilon improvement for the poorer part of the population.