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A list of puns related to "Competition (economics)"
Matters that will be discussed by the Plenary in its next session.
Subject: CONCENTRATION.
File: CNT-097-2021
Agents: GANFENG INTERNATIONAL TRADING (SHANGHAI) LIMITED AND BACANORA LITHIUM PLC.
Publication Date: DECEMBER 14, 2021.
In this text https://www.marxists.org/archive/marx/works/1847/poverty-philosophy/pre-1885.htm Engels criticizes the socialist economist Rodbertus attempt to perform economic calculation at prices based on the time required for production. Here are quotes:
> After the state has thus constituted value β at least for a part of the products, for Rodbertus is also modest β it issues its labour paper money, and gives advances therefrom to the industrial capitalists, with which the latter pay the workers, whereupon the workers buy the products with the labour paper money they have received, and so cause the paper money to flow back to its starting point.
> If Rodbertus has hitherto always had the misfortune to arrive too late with his new discoveries, this time at least he has the merit of one sort of originality: none of his rivals has dared to express the stupidity of the labour money utopia in this childishly naive, transparent, I might say truly Pomeranian, form.
...
> To desire, in a society of producers who exchange their commodities, to establish the determination of value by labour time, by forbidding competition to establish this determination of value through pressure on prices in the only way it can be established, is therefore merely to prove that, at least in this sphere, one has adopted the usual utopian disdain of economic laws.
> Secondly, competition, by bringing into operation the law of value of commodity production in a society of producers who exchange their commodities, precisely thereby brings about the only organisation and arrangement of social production which is possible in the circumstances. Only through the undervaluation or overvaluation of products is it forcibly brought home to the individual commodity producers what society requires or does not require and in what amounts. But it is precisely this sole regulator that the utopia advocated by Rodbertus among others wishes to abolish. And if we then ask what guarantee we have that necessary quantity and not more of each product will be produced, that we shall not go hungry in regard to corn and meat while we are choked in beet sugar and drowned in potato spirit, that we shall not lack trousers to cover our nakedness while trouser buttons flood us by the million β Rodbertus triumphantly shows us his splendid calculation, according to which the correct certificate has been handed out for every superfluous pound of sugar, for every unsold barrel of s
... keep reading on reddit β‘Our current economic model does more than prevent the sharing of "intellectual property" for decades on end, but also prevents the interaction of some of our most intelligent/effective people when it could matter most.
I understand the logic of economic competition from a historical perspective, but with our current state of technology, information sharing and automation, I strongly feel we should be able to build unbiased adaptive systems to most effectively solve problems and get things done in general.
I think a key part of it is to try multiple approaches simultaneously when applicable. Have ideas compete, not people.
The purpose of a business is to generate profit for its owner/shareholders.
If companies share the same shareholders, they share the same goal and donΒ΄t need to compete.
WouldnΒ΄t that mean it is in the best interest of every single company to lobby against regulatons, anti trust laws, etc. and the purpose of private media to produce coverege with that bias only?
With corporations being structured in an undemocratic way and the power of an individual in the stockmarket being directly proportional to their net worth, why would a poor persons interest ever align with right libertarians?
People with power want to stay in power, and under capitalism that means shareholders. With power being proportional to money, why would the system ever work for those born less fortunate, and not for those who already have power?
How would a world dominated by economic forces, that are controled by rich (shareholders), ever end up in a free world, and not in a repeat of feudalism, where using your power to even take what little the powerless poor have would help to grow your power?
Your 13-minute Saturday-Monday recap in 3387 words.
##government raises taxes on copper and molybdenum miners-exporters / "Sovereign Wealth" Fund" to be formed / copper processing
Economy Minister Qerobyan: considering the fact that the Republic of Armenia's entrails is state property, and the value of copper and molybdenum have jumped in the past year, the existing royalty system is outdated and does not ensure a fair distribution of profits between Armenian citizens and miners.
Besides that, our state is facing serious challenges and we need more resources to address them. The additional taxation will generate Φ30b throughout 2021. [talks about Russia enacting similar measures instructed by Premier Mishustin] //
Government report: beginning in April 2020, the copper prices increased to $7.5k and then $9.2k. The majority of Armenia's copper mines are profitable at $5.3k. Even after the additional taxation, they will remain very profitable. Molybdenum has been stable at $24k since 2018. The proposed tax increase will work only when the global prices are high.
The revenues from additional taxation will be used to develop the processing industry and the strategic assets in the mining sector.
More specifically, we plan to deepen the value chain of copper processing and establish a high-purity cathode copper production, followed by the development of an adjacent copper ecosystem.
We also plan to invest in technologies to make mining more efficient while being more eco-friendly.
This tax policy is a temporary solution before the entire field can undergo an in-depth review with the participation of various agencies.
Long-term, we plan to review the taxation policies and to create a "Sovereign Wealth Fund" investment foundation, which will receive the revenues deriving from the aforementioned reforms. Many countries already have such Funds that manage the revenues collected from mining. //
https://armenpress.am/arm/news/1057962.html https://armenpress.am/arm/news/1057985.html https://youtu.be/ulvdagBkJHw?t=21
Tags: #CopperTax #tax #miner
##national hero & benefactor Eduardo Eurnekian discusses large scale investments in Armenia
Pashinyan hosted the Armenian-Argentinian businessman Eduardo Eurnekian today.
Pashinyan: Welcome. Glad to see you again. Such visits are important because you're one of the most prominent diasporan investors in Armenia. Your moves always predict the overall invest
... keep reading on reddit β‘Medium to a high degree of difficulty. A person with specific competence in the industrial-organizational analysis will be preferred, even though it is not necessary. You should however be comfortable working with game theory, price discrimination, and collision.
Hi. I work for an economics society and we wanted to do a competition with fun exercises where teams could compete and show their knowledge of economics. I was wondering if someone here has ideas on what kind of things could be done.
We are trying to make the society bigger and more popular at the campus and we were thinking fun games rather than much more technical stuff would be nice. If someone has ideas that you think could be useful, please drop them here.
Also, keep in mind that given the pandemic, the competition is mostly likely going to be online but even if you're suggestions might not work for an online setting, that's fine.
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