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Thank you to Andrew (Itaer) who took the (many many) hours to explain the game to us, as mentioned he refused to take any money off us for his time but he did say that if you want to try the game using his invide code does give him some in game rewards so here it is if you are interested –
Select Visuals Supplied by –
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I’m on Spotify 👉
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Chapter Breakdown
00:00 Concerning Similarities
02:57 The Scale of Inequality
05:22 Making A Fortune
11:18 Sponsor ProtonVPN
12:28 Deploying Capital(s)
15:27 The Recession EVE Had To Have
17:06 Why No Stagflation?
20:33 EVE Inequality vs Earth Inequality
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All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
#EVE #economy #finance
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The SAUCE 🥫
Monthly Economic Reports –
Fuzzworks Industry Data –
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It’s kind of like our own little economic terrarium with some genuinely fascinating specimens that have evolved inside…
Within this games two and a half decade economic cycle, it TOO has developed everything from, demographic problems, stagflation, its own version of a baby boomer generation, anti-human labour practices,
and on top of all of this, individual wealth that has now had time to grow to (if you would pardon the pun) astronomical levels of inequality…
According to data released by the game developers own in house economist, the top 5% of active players collectively accounted for 67.7% of all the in game currency currently in circulation.
So not really a radically different shape to what we see in the real world… but even amongst that group things are extremely top heavy.
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EVE Online is "a videogame" in the same way that the Space Shuttle is "an aircraft".
Eve still has rules.. but in the game rules can't be changed. But in real life we can.
Unless we're living in a simulation 🤔🤔🤔
Calling EVE online "complicated" is just hilarious, the game is just a massive money dump, p2w in every aspect.
Do they persist with the charade that equality is desirable and its absence a problem?
Assumed it was Dwarf Fortress
why is human nature a problem?
I played EVE for about 1.5 years from 2014 to 2015. In that time, going from 0, I made about 500B, solo in high sec just trading and manufacturing. Stopped playing because I got banned for selling ISK. It was fun ride. I guess, I would be in the top 0.01% today.
Anyways, most players are poor because they don't play the game to generate assets but to play out some space pirate fantasy or whatever.
23:20 Suprised you didn't compare paying for plex (game time, which can be also bought by ingame currency) to paying for food and rent in real life
If you have time to play a monetized game, then obviously you already have a buttload of real world money (or you are just really bad at finances)
I own the BPOs to make my rorquals. I won EvE back in 2022
If 9b was the median i was less space poor than I thought. I guess I'm just conditioned from real life.
I wish someone would create a game based on relationality and Ostrom’s model for cooperatives instead of neoliberal rational choice.
In space, wealth trickles up.
That explains earth, we are in space after all.
Nice to know cheating and stock morket speculation that produces nothing works in games to.
The global Gini coefficient for income inequality sits roughly between 0.61 and 0.68 not 0.89
i like how you need to keep saying “its still just a game” incase someone watches this 700 years in the future when this stuff is a reality
24:36 I'd argue that it still kind of translates to the real world – save for the tech billionaires who are also eccentric and care little for current preservation of humanity, most wealthy people want to 'conserve' that wealth by maintaining the status quo – composition of wealthy to poor.. this point can be seen in how some of those same billionaires are advocates for increasing birth rates so as to maintain the larger lower class.
Modern so called educated tech bros have an obsession with having more. So sophisticated.
2:19 xD nah bro, space is fake. This has nothing to do with real world, any of it is not even possible. This is just a stupid (and complex) video game
The cadence and arrangement of concepts doesn't give information as a Youtube Experience. This is content specificallyd esigned to cause human loneliness to engage with the AI summary feature. For example, "To Break Into the Upper .0whatever% as if he's talking about simply enjoy what would be the majority of gameplay. He says it's extraordinarily difficult to join a group as if he's talking about the majority, but he's talking about an extreme minority. It's narratively deceptive, or disingenuous. 25 minutes!?
Point A : What is fun about Eve Online, how is it a game and not a economic simulator in the first place.
Point 2. How much of that fun can you experience via the initial subscription fee and free-time-reasonable gameplay.
Conclusion: What is the gameplay like for new players and how much influence are the elite wielding over the over all culture of the mutliplayer social experience- and that's it.
and that's not what this is.
In such games, developers have a rigid and robust solution .
Class stratification.
Make it two, three, four different games in game.
I new player plays a different game : exploring and grinding.
A middle players plays a differennt game : market and grind
An endgame player plays a different game : Explore new content , market
This player base distinction and not putting those players in same league will solve the problem.
Try to push end game players to fight and compete with each other.
Try to push new players into a competition between each other. And create a better ladder to move them up.
So end game players will spend their resources while winners of bottom climbs the ladder and reach end game.
Also regular players or losers will get a lot of resources just by playing. Even if they lose they progress.
It's highly monetizable and clear approach for such games.
why it works ? -> because in real world we have scarce resources and less control over structures.
In a game , developers have immense control over resources and systems. They can doo both good sides unlike real world politics.
What PA did wrong in black desert is : It implements these class stratification a little bit via T1 T2 Uncap wars and Edana content.
But wrong thing is they are pushing everyone to endgame and diminishing existing gamme content. I think its a tactic to keep things fresh and uptodate.
So players will spend and compete in highest tier. In real world you can't give everyone mansions. So a balanced approach will squueze rich via politics.
OH, you mean capitalism working EXACTLY as designed? That CAN'T have any other endpoint? Imagine that.
Governments and economists should be hardcore studying EVE Online.
The game is literally a parallel of our real world, even down to our corruption, greed and bullsh*t politics.
So anywhere there’s potential to make money there will be billionaires and elitists. Gotcha lmao
Man I want to play this game but it's so boring, boring spreadsheet simulator, could just go work and make real money instead and look at excelsheets
You said "a very poor american is statistically much wealthier than most people in most of the rest of the world". This is simply not true. Wealth means savings and assets against liabilities, and by that definition many Americans have negative wealth. I think what you meant to say is that a poor American has more income, but income does not directly translate to quality of life due to cost of living and other effects.
It’s things like player space stations and player alliances. I’d love to see no man’s sky have a community history with even half the soul and scale of Eve online. The amount of video essays on YouTube which are just economy/sociology lessons tonight through real player events in eve online.
O EVE Online é um laboratório virtual do capitalismo que funciona há mais de duas décadas com uma economia construída em grande parte pelos próprios jogadores com processos de mineração, produção, transporte, comércio, especulação e disputa por recursos feitos por pessoas reais a partir do mundo real.
Mas o que chama atenção em EVE é que ela prova em dados abertos o que a economia real só discute em teoria: capitalismo totalmente livre, sem instituições que garantam contrato e redistribuição, não vira mercado perfeito, vira máfia, monopólio e êxodo.
É o capitalismo nu, com duas décadas de acumulação sem interrupção.
É realização do sonho burguês: um mundo onde tudo foi privatizado. Os meios de produção (luas R64, Keepstars, BPOs originais, soberania) foram cercados nos primeiros anos. Quem chegou depois só tem uma opção: vender sua força de trabalho.
E as crises cíclicas?
É aqui que o paralelo com Marx se torna provocador.
A crise não acontece necessariamente porque se produz pouco. Pode acontecer porque se produz demais para as condições de valorização do capital.
A pergunta fundamental deixa de ser quanto uma economia consegue produzir e passa a ser:
quem controla os meios de produção, quem trabalha para essa acumulação e por que a abundância pode se transformar em crise?
Essa é a verdadeira provocação de EVE Online: um universo virtual que nos permite enxergar algumas das contradições do capitalismo real.
E EVE acaba provando a tese marxista sem precisar de teoria: desigualdade extrema não é um bug do capitalismo, é o seu produto final quando você deixa acumular por 20 anos sem freio.
"You need money to make money" same old saying… and i've used it in eve online lmao
Being born in real life isn’t a choice though, so if Elon Trump Bezos and Zuck can raise fertility rate of the population then they and their descendants can play their oligarch game forever. No one wants to play the game in real life anymore.
These guys have no clue how real life economics works. They talk about "wealth inequality" while just talking about some players having more money than others. This isn't comparable what real life wealth inequality is. Which is just based on total value of property and assets owned.
Not just that but were talking about video game which generates money from thin air. Meaning… There is literally no issue of someone having most money when quests and selling to A.I wonders creates more to the system.
It's amazing how far/long this game has went. I was one of those beta players and played a few years back in the early years. Was great fun! Merlins were such cool little ships.
Economic inequality has never and will never be a problem; the problem is how it's arrived at.
The wildest takeaway is that a completely unregulated, cutthroat space game where theft and scams are literally encouraged still has LESS wealth inequality than the actual real world. Does this prove that real-world financial regulations protect the ultra-wealthy more than they protect the working class, or is EVE just saved by the fact that you can't starve to death if you don't pay rent?
At one point I had like $1000 to $1500 of assets in Eve Online solely from in-game trading and market arbitrage. I felt like a king. Now it's worth idk, half of that simply due to inflation and me not playing. I can't even imagine having tens or hundreds of thousands of dollars of assets in Eve. Eve is insane really.