I just sat down to do my annual donations, so I’ve got the list ready to go:

• local food bank
• local safe injection site
• Signal
• KDE
• OpenMedia (closest thing to EFF in Canada)

A few places I couldn’t afford to donate to this year, in case anyone needs more ideas:

• archive.org
• EFF
• miscellaneous software projects I’m using (mostly Steam Deck plugins because I’m in that community a lot)
• Gnome

I also give a bit to Tor and The Beaverton monthly.

Your first example only works for goods that are completely optional, which is very rarely the case. For example, smartphones. Nobody technically needs one, but almost everyone in western countries has one. If every company that makes a smartphone increases their prices, people will still buy them because they basically need them. I believe this is the principle of inelastic demand (or low elasticity) – car fuel is a more traditional example.

Your second example doesn’t work when the cost of entry into the market is really high. This is very common in high tech. Take semiconductors for example. There’s basically one big name in chip manufacturing (TSMC) and a few runner-ups (Samsung, Intel, etc.). The latest node is infamous for being very expensive and low capacity. Why aren’t there new competitors constantly breaking in to the market?

UBI is a great idea and will help things, but it’s not perfect so we shouldn’t expect it to just completely fix capitalism. The best way to fix capitalism is to get governments (which are all in charge of capitalism) to fix it with regulations. UBI will be a major regulation/step in the right direction.

Honestly, I try not to think about them. It’s an inherently selfish and self-serving class and they’ve got enough money to pay people to think about them, so I’m not going to do it for free.

I like to divide my spending into two broad categories: needs and wants. For example, I need food and shelter to survive, but I only want that really cute blahaj (even though it feels like I need it). Things that I want I can skip, things that I need I cannot. You have to be very honest with yourself for that to work well though.

Of course life is not fun if you’re only surviving, so it’s OK to treat yourself occasionally with things you want. Just make sure you’re saving enough before spending on “wants”.

It’s also often possible to break down “needs” further, since you may need some functionality (e.g. something to eat, something to hit nails with, etc.) but the specific item is not a need. I will prefer the cheapest option if I don’t have any other requirements. I tend to like things that’ll last though (they’re usually cheaper in the long run), so I’m willing to not cheap out if that’s a factor.

I am a very pragmatic and minimalist person though, so I don’t think this advice will work for everyone.