Basic Economics VS The Rationalization Hamster

Does Asmongold understand economics better than many professors?
Well, in a specific circumstance... sadly yes.

This video dives into the topic of Intellectual honesty and the allure of the rationalization hamster. Which shows how extremely simple economic concepts can be easily muddied with forced debate when the implications of the subject at hand are difficult to emotionally accept.

00:00 Intro
01:10 The Rationalization Hamster
03:55 SToV is stupidly easy to grasp
09:08 And yet...
12:33 The intellectual dishonesty industry

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Game being played: Guild Wars 2 ( PVP )

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-My Brain on monster energy

[pedroferreira]

i have an idea that most people just take the words literally
example:
"socialism good because being social is good!"
"communism good because communities are a good thing!"
"capitalism bad because capital is money and money is evil!"
"democrats good because democracy is good!"
"equality good because everyone equally happy!"
etc

[joeldykman]

All this talk about pineapples is funny to me because there was a point in time where pineapples were considered the pinnacles of extravagance in western society. Granted, this has nothing to do with what's being said in the video, i just found it a tad humorous that there was in fact a point in time where $100 for a single pineapple would have been considered a tremendous deal.

[gentlyweeps]

I was studying economics at university, and every single Ph.D. in economics with whom I had lectures was criticizing socialism and communism. They also were bashing capitalism, but not that much.

[fatos_e_argumentos]

"Lets assume that Reimu is growing a farm of pinapples... let's ignore how she got the money in the first place..." Damn you did her dirty

[CEOofWasrael]

Doesn’t help college teaches Keynesian economics these days. An old friend of mine majored in economics & even my basic understanding trumps his degree. He has no idea what he’s taking about and that’s scary considering he paid for that schooling and learned nothing.

[Sammysapphira]

So many people missunderstood asmons point. The twitter thread was a glimpse into the ignorance of most folks.

[Aleuse]

One thing that puts this in perspective is dirt. The literal soil we step on where grass grows is the rarest thing in the known universe, it tops any kind of rare mineral you can think of (try to grow food in diamonds...), yet since we happen to live in the planet covered in it (thanks to natural processes related to life), we use phrases like "this is dirt cheap" to talk about cheap things.

[Anti-CornLawLeague]

BadEmpanada is the BreadTuber most dedicated to the “I feel it’s true, therefore it is.” His video ridiculously trying to exert that Argentina didn’t used to be one of the world’s wealthiest countries is the top example.

[jakeplaysyt]

Asmongold isn’t always right, but he hits the nail in the head whenever he is. People don’t give him enough credit in that regard; he’s definitely smarter than he tends to let on.

[clovermite]

I had a fun personal experience with this very idea of subjective value. A little over a decade ago, I'd bought Arkham Asylum because I had fun trying it out for the first time at a local board game group. After trying out the solitaire rules multiple times, however, I realized that the difficulty of the game was rather ridiculous, and I didn't enjoy the game. One of the board game group members lamented how much he wanted the game, so I just gave it to him. He told me that he couldn't afford to pay for it, so I told him I would just give it to him for free.

I had no interest in putting the work to resell it, I thought it would be a waste to just throw the game out, and I made enough money at that point that I didn't sweat the $60 I paid for the game. My friend was shocked and asked me multiple times if I was sure. He then told me he'd thought that people in capitalist countries were all supposed to be greedy and selfish, and that he never would have expected someone to just give him a $60 game.

I guess he came from a non-capitalist country or something, and it really drove home to me both the idea of subjective value, as well as how having a system that allows people to make more money than they strictly "need" can allow them to be more altruistic, since giving things away doesn't threaten their well being.

[LeoAmadeusTheFourth]

I estimate that roughly 74.8% of the reason I'm subscribed to this channel is the frequent use of Vaush as the poster boy for bad ideas.

[caioaugusto]

As an artist on ko-fi who usually gets paid more than the price I usually charge for comissions with the 'pay what you want' feature, I see this as an absolute win.

[thethrashyone]

As someone who's hung around a lot of artists, there are a LOT of them out there who possess the toxic mentality, "charge what you 'feel' like your art is worth". Even before AI blew up, I'd had several arguments with them about pricing: I pitched them the hypothetical of an artist who's just naturally really quick at what he does and has streamlined his process to be as efficient as possible, selling commissions comparable to what _they_ offer, but for a quarter of the price because of how quickly he can churn them out. They always maintain that this hypothetical guy is an "asshole" for undercutting their prices and "stealing" potential customers who would have otherwise caved and paid $100+ to commission them. So yeah, lots of really entitled people in the art community who feel like they have some divine right to fleece customers under the justification that "I wowk weawwy, weawwy HAWD, tho!" Hard work =/= good pay, just ask warehouse workers.

[simbadas]

i'm convinced marx made up the labour theory of value to justify why he should make more money for his shitty blogs no one reads.

[killerkonnat]

Asmon learned his economics in the school of World of Warcraft Auction House.

[lrod]

This is usually followed by the part where the terminally online will outsource their thinking by dishonestly asking for a “source” assuming you’re as clueless as they are. And when you actually provide it to them they immediately will find some excuse to immediately discredit it.

[keenanlarsen]

It's.... honestly shocking to me how people don't already know this stuff. Like, even if you've never been taught ANY economics, you should be able to intuitively understand supply and demand.

[atrapanasatromhtos]

Watch a dude named the prosecutor.He is a conservative and he debunked vaush on worker coops.Vaush basically supported worker coops based on studies done on basque nationalists and the dude who developed the concept was a fascist pastor from basque.Another good channel I found recently is the political checkmate.

[-obamium]

Seen artists arrogantly say buyers shouldn’t be given what they want and need to be told what they want. This arrogant attitude has to be earned with results, buyers are not seeing results. Produce results, respect the costumer, loose the arrogance but many artists fail these three things to have a good relationship with consumers. Now they’re wondering why consumers don’t want their opinion and don’t care when a machine does their job.

[ttthttpd]

You don't even need the hypothetical pineapple example, people used to think tomatoes were poisonous and lobster was disgusting poor people food.

Now both are popular and have prices correlated with supply, since demand is no longer 0.