Late Stage Capitalism
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This is kinda a weird argument we're having but I've literally heard this argument "from the pulpit" in multiple college econ classes, perhaps your experience is different.
I think if we were assessing whether this analogy is fit for purpose then you would have to say that it only makes sense if all the 'boats' are always at the same level which is the case for real boats on a real tide
The boats, no matter the size, will all be raised by a rising tide.
That is a true statement about boats (that are still floating)