• stink@lemmygrad.ml
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    2 days ago

    GMU is heavily funded by the Koch brothers, and is one of the only schools that teaches Austrian economics.

    One of the economics professors Tweeted some racist shit and didn’t even get a slap on the wrist.

    They also have their law school named after Antonin Scalia, if that gives you a metric of how disgusting they are.

    They ALSO coordinated a police raid on the houses of two students who were part of Students for Justice in Palestine, and banned them for 4 years without any due process.

    Let alone how they have their police surround the pro-israel demonstrations but let the pro-Palestine demonstrators get rocks thrown at them without any intervention.

    People like this idiot are a byproduct of what the school represents, yet they want want to be seen as a bastion of progressive thought.

    • I was at this conference back in my academic days dinner with a cluster of GMU junior faculty and researchers. luckily zero economists, all pretty firmly left politics. the most outspoken one introduced his school as being “the modern proving ground of all academic and scientific corruption in the US. when you look at a map of how right-wing dark money from the Kochs flows through the academy, GMU is always where the process is prototyped and developed for mass replication elsewhere.”

      he was pretty funny in that deadpan. he had spent the last several years looking at the political economy and critical geography of energy leases or something grim like that in central Appalachia.

    • sodium_nitride [she/her, any]@hexbear.net
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      2 days ago

      Kind of embarassing that I even know this, but their reasoning goes

      1. Lower prices => lower profits
      2. Lower profits => lower quantities supplied
      3. Lower quantities supplied => people will die from lack of medicine

      And if you assume that the supply is lowered enough, then tons of people die and it becomes genocide. Of course, the flip side of this that this person completely ignored is that price distortions can also occur in the other direction, where prices are high enough to entice more than sufficient production, but so high that it limits purchases from consumers. Currently, the American medical industry is firmly in that side of pricing (as evident by the fact that the rest of the world has much lower drug prices* and no shortages of drugs).

      *even if you account for wage differences.

      This is all econ 101 theory. Often times, you barely need to remember 101 shit to dunk on these so called “economics students”, who didn’t even properly learn the bourgeois version of the theory, only how to party and act arrogant online.