If we just take a look at the simple fact that Steam intervened heavily in the item market by creating things out of thin air and giving it away, it sounds quite like the FED and the US treasury creating fiet currency out of thin air and the government giving it away in the form of spending (military, healthcare, welfare etc) it pretty much does sound like socialism, or as socialists like to call it, "state-run capitalism". And yes, that does hurt the valuable players in the economy.
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Normally we get only three cards a day and cards for buying games(one per 10$).
This time we got two items worth 100 each. That are 200 per player per day of the sale.
14 day gives 2800 gems free per person + the cards you get like else. And these gems spam
now the market.
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Yeah but before the sale the prices are more than double(or triple I think). So steam take it from the people who spend real money(loser) and gives it too the people who dont spend real moeny to the market for example bot farms(winner).
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I have a example for you. You have 10x the same 10$ PUGB item in your inventory. Now PUGB gives every player two of the same item for free. Now you have 12 PUGB items in your inventory but the market price is now 1$. So everyone who has before no items has now a inventory value of 2$ before 0$. And your inventory value is now 12$ before 100$. PUGB takes 88$ from you and gives it to other players. Ok for you?
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Looks interesting, to theorize about your point, know how much money from items sold were payed using money from other items items and how much were payed with external/real/etc money. Because, at least for me, doesn't look like redistribution of wealth, maybe looks more like the old and beauty speculation. But I'm not a economist ¯_(ツ)_/¯
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Such a big intervention of the central bank(here steam) does not have to do with the economy or the market. That is politics.
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You're right, finally I catched the point with the "gem's sacks" example. A, B and C have some gem's sacks. A so much than B plus C; for that, when Steam make a lot a of items (more items, more gems), A feels he be more screwed than B and C, cuz lost the 6-7 cents drops more times than them.
It's make me feel happy for never invest money on them :)
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Hmm, I absolutely don't think Valve planned to cause such a huge inflation, but I understand your point. I had 72 sacks of gems in my inventory, so the Cozy Cottage event caused a substantial drop of value of my "virtual assets" ¯\_(ツ)_/¯
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Socialism:
a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
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So very few individuals agreed with you, therefore the education level is low? I'm personally insulted. You have no idea what my education level is.
You say you wanted to start a discussion, but you didn't really do that. It seems like you just wanted us to agree with you. And since few did, we're dumb. You just wanted to flex your "intelligence" and now we know, we must bow to the great torgi. The smartest user on SteamGifts.
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You and a few other users show with your posts that you never had anyone in your life that teachs you anything about economics. That is what I mean. Perhaps you are good engineers, artists, workers or anything else. That is no problem for me. But why do you think I should discuss about economics with you. I do not think that will help. The thread was addressed to other users.
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How can you assume this? You have no idea what degrees I have or what industry I work in. I have taken a few economic courses. Plus, I live in the country that revolves around capitalism (which the company in question operates in).
It seems that the "other users" you've addressed this thread to never showed up. You made a bold statement and we questioned it. I don't think SteamGifts is the forum for this "high-level, intellectual" conversation you say you want.
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whitelist for you for the concise summary supported with figure A =)
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Your idea not even close to socialism but i like your idea :) WL from me ^^
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But the answers show me that the education level is too low for understanding economic interrelations
"The best argument against democracy is a five minute talk with the average voter."
Not really sure printing money really qualifies as "socialism", though. But I guess that's close.
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I've always seen Steam's economy as a despotic kleptocratic technocracy masquerading as an illusory capitalist utopia.
Tragically, with the rabble of incoherent troglodytes that make up SG my incomparable wisdom, like your own, is as pearls before swine.
I feel your pain, torgi. Console yourself with the fact that genius is so rarely recognised in its time.
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I like your humor. Thanks. It is hard to meet only ghost drivers on the street ;)
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socialistic company is quite nice oxymoron.
btw taking from the rich and giving to poor has nothing to do with socialism. oh wait it has... it's the most used thought-terminating cliche in the right echochamber
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Hmm maybe I am out of the loop but when did Steam or Valve declare their own personal imaginary created ''economy'' capitalistic?They are a company based in a capitalist country with the intentions on making profit,obviously they will do stuff that they consider profitable.Giving away so many gems is only beneficial to them because they take a cut from the sales.Everybody's gems lose value but you still need to spend the same exact real money to get the same exact benefit as before.I don't know why you try to overcomplicate this situation and turn it into a discussion about socialism..you were one of the ''big inventories''?
Anyway,the same can be said when Steam Cards first came out.At first their value was huge compared to today.But nowadays most cards are 0.03 eur.But keep in mind,those cards have no real value outside the closed system of Steam.
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How can you compare a digital platform using a virtual currency to an actual sociopolitical economic construct? A private for profit company nonetheless....
Oh, you are just being daft and fishing for blacklists, ok. xD
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On wintersale steam gives so many gems to everyone that anything on market that is related to gems(cards, emoticons, background and gems) lost its value. They take it from the rich(big inventories) and gave it to the poor(small inventories)[edit: and take a lot for themselves^^]. What do you think?
[Edit2:Sorry I tried it. But the answers show me that the education level is too low for understanding economic interrelations. And sorry for the provocation with socialism. That triggers the living room Che Guevaras and Champagne socialists. For one it was good: A lot of new blavklistpoints for me :)]
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