• ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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    7 days ago

    It’s breathtaking to watch you confidently dig this hole all the way to the center of the earth. You’re fundamentally confusing the historical profitability of an asset with its current marginal utility which is literal day one freshman economics. Yes a machine that makes money is an asset but the absolute second the market demand for that specific product drops to zero that machine becomes a liability if it costs money to maintain or prevents you from retooling.

    A sunk cost is just a past unrecoverable expense period. It does not magically require the investment to have been a failure from day one for the fallacy to apply. If you refuse to scrap an obsolete machine today simply because you paid a million dollars for it ten years ago you are committing the sunk cost fallacy regardless of how much money it printed in the interim. The fact that you cannot grasp that a formerly profitable asset can transition into a sunk cost trap the moment market conditions change explains perfectly why you think businesses simply evaporate when a single contract ends. Please actually read an economics textbook instead of furiously misinterpreting the first paragraph of a website you hastily googled to win an argument like the lost reddit debate bro that you are. 🤣

    • Archangel1313@lemmy.ca
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      7 days ago

      Dude. You are embarrassing yourself, here. I am embarrassed for you. I can’t tell if you’re just too stubborn to admit that you don’t know what you’re talking about, or just too stupid to realize it.

        • Archangel1313@lemmy.ca
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          7 days ago

          Sure, buddy. Feel free to go back and actually read this entire exchange again, whenever you’re ready. Except instead of trying desperately to make strawman arguments out of the details…try and actually understand what I’m saying.

          And for real…do your homework on what sunk cost fallacy is. It isn’t hard.

          • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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            6 days ago

            should really follow your own advice lmfao, since you desperately need the last word, I’m going to end here and let you make a clown of yourself for one last time

            bye