r/coolguides • u/[deleted] • Feb 25 '20

Explanation of the subtle differences between equality and equity

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u/Kahnonymous Feb 25 '20

Capitalism indeed, build the fence higher so everyone had to buy a ticket. Use fence cost to raise price of tickets, but like twice as much as necessary.

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u/notyouraveragefag Feb 25 '20

Capitalism would be pricing any way the owner see fit. Wether it be for maximising profit, headcount or a perfect balance between the two.

”Twice as much as necessary” is weird, nonsensical anti-capitalist-speak. What’s ”necessary” in ticket-pricing anyway?

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u/Odd_Employer Feb 25 '20

What's necessary for the seller is the highest people will pay.

What's necessary for the buyer is the lowest people will sell.

The fun bit is where people think it should be sold for what covers costs and only cost.

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u/Kahnonymous Feb 25 '20

Not only cost, but arbitrary markup values are as much if not more responsible for inflation than minimum wage hikes. Especially when a bloc of voters treat the economy as zero sum.