Zer0Summoner

Zer0Summoner t1_ja8z9m5 wrote

Maxwell equations describe how electromagnetic fields work and how they are affected by different forces. They don't "work," per se, theyre.more like a definition. Electromagnetic energy includes magnetism, electricity, light, radio, all that kind of stuff. The equations are important because you need that information to understand how that energy moves as waves and how to make it move in particular frequencies, which makes the difference between visible light, radio, or other forms of EM radiation.

2

Zer0Summoner t1_iuf3zce wrote

I think an important factor in the current round of rising prices is when sellers in oligopolies detect that demand is a bit more elastic than previously believed, or in other words that consumers can and will pay more for goods, the prices go up because me want more money.

I think supply chain disruptions caused prices to go up during covid and the Ukraine war, but then once some of those disruptions started to go away, sellers were like "when he had to charge twice as much for these products, people paid it; why wouldn't we keep charging twice as much? Maybe we should try three times more, see if they pay that." Nobody in an oligopoly is going to be the one to undercut, they all just match. Hence, a rising wave.

5

Zer0Summoner t1_iuey6t9 wrote

Because countries don't run manufacturing, corporations do. And up until now, it's always been cheaper to buy from Taiwan than to pay the reasonable wages and obey the environmental regulations in the US/EU. And there's exactly one thing corporations care about, and it ain't workers, the environment, or the wellbeing of a country.

9