That guy clearly never heard about the Pareto Principle.
E: fuck yeah, successfully triggered all the hexbear tankies. As fun as poking a wasp nest with a long stick. If only there was an online tankie bug spray equivalent…
If 20% of people own 80% of the land or wealth or whatever in a capitalist country then all that shows is that capitalism produces Pareto distributions. That does not mean Pareto distributions are some universal law of nature nor does it mean that non-capitalist systems are impossible.
The one that stated that 80% of the land in italy was owned by 20% of the people? I think they did hear about it and did apply it to Cuba but I might be wrong there.
The Pareto principle is an economics idea - something is considered Pareto efficient if you can make someone better off without making someone else worse off, and you are at a Pareto optimum when you can’t make anyone better off without making someone worse off. Of course, because “better off” and “worse off” are entirely up for interpretation, people argue that taxing the rich to improve the lives of the poor is not Pareto efficient because you’re worse off if you have less money regardless of how much money you have left. So the only Pareto efficient solution is to grow the economy until all the poor people make enough money.
The Pareto Principle is a bullshit theory where a crank saw a handful of statistics were similar and thus decided it was a natural law. The only reason it’s still considered seriously is because economics is to mathematics what astrology is to physics.
That guy clearly never heard about the Pareto Principle.
E: fuck yeah, successfully triggered all the hexbear tankies. As fun as poking a wasp nest with a long stick. If only there was an online tankie bug spray equivalent…
If 20% of people own 80% of the land or wealth or whatever in a capitalist country then all that shows is that capitalism produces Pareto distributions. That does not mean Pareto distributions are some universal law of nature nor does it mean that non-capitalist systems are impossible.
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Why would it matter if he heard about a debunked theory only loved by reactionaries?
The pareto principle was produced by guessing based on anecdotal observations it was never a serious thing
You should e-mail that to the presidents of Cuba, Venezuela, and China, to show them the error of their communist ways.
Somebody hasn’t heard of the Parenti principle…
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The one that stated that 80% of the land in italy was owned by 20% of the people? I think they did hear about it and did apply it to Cuba but I might be wrong there.
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The Pareto principle is an economics idea - something is considered Pareto efficient if you can make someone better off without making someone else worse off, and you are at a Pareto optimum when you can’t make anyone better off without making someone worse off. Of course, because “better off” and “worse off” are entirely up for interpretation, people argue that taxing the rich to improve the lives of the poor is not Pareto efficient because you’re worse off if you have less money regardless of how much money you have left. So the only Pareto efficient solution is to grow the economy until all the poor people make enough money.
Boy is that some head stuck up their own ass economist shit.
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I believe this is yours
The original reddit gold…
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That’s really dumb. the end result is literally identical, because money would have to be worth less afterwards for the math to work.
Yeah, it’s not what I’d describe as a serious attempt at problem solving.
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The Pareto Principle is a bullshit theory where a crank saw a handful of statistics were similar and thus decided it was a natural law. The only reason it’s still considered seriously is because economics is to mathematics what astrology is to physics.
Evolution creates a lot of crabs, and you can find the golden ratio expressed in nature all over. What does that have to do with the price of tea?
What does the productive capabilities of peas have to do with how we should structure society?