If one sells a book and people have the choice to buy it or not and a lot of people choose to buy it then true choice has been exercised.
Unlike industries raising their price on products (e.g. food) using inflation as an excuse, squeezing the public financially, making them hurt financially. People’s choice to eat or starve to death, isn’t really true choice. The food industries know this but still strive to take advantage of it, all for profits. Big difference between the food example and the book sample above.
Ah. So it’s more honorable to make money by not satisfying needs? If a man needs something, it is best that it not be available. If a man wants something frivolous, it should be sold to him for profit. Something doesn’t seem right about this…
@castoli males a good point about eat or starve is a poor choice.
While I was working, about the time Food Stamps was transitioning to EBT cards, some fellow workers and I were talking about a good solution to replace Food Stamps. My solution: Have every grocery store have free food given to anyone who wanted some. You were given a choice of dried beans and rice. Nothing else in the grocery store is free.
However, you stated that you basically speculate on currencies to make money. That could be considered contributing to inflation by artificially changing the market.
You make good money? You must be raping some poor people to abscond with their excess hard work somewhere.
That wasn’t the implication. I was just curious since you were speaking on higher education like an authority, but again you have no practical or firsthand experience with it. I am not surprised.
Really?
What about the people that made the pulp to make the paper in the book or the binding? Or those that cut the timber and processed the wood? Or the people running the presses? Did they have true choice in their poverty wages. You are still benefitting off of the low working class for getting a cheap product to sell for a profit right? How could someone so in tune with these issues and a champion of pointing out corruption miss this?
Can all of the unskilled and lowly workers that go into making that book go without their job?
And I am sure his definition of good money is vastly different than most of ours. Especially since he continually dodges the question.
Ah yes I can’t wait comrade. But, he is a champion of the people surely he will have a special position in the gulags.
Nobody is holding anyone hostage. Purposely crushing your consumer base is idiotic and no business does that, if it wants to stay around long term. You claim to understand economics, but I guess miss like the first day of supply and demand.
is that the only job available to them? Do they live bin a country with a sovereign currency? If so, then it’s a government guaranteed job to the rescue courtesy of MMT economics.
Yes they are.
And that is the reason for an oligopolies and monopolies. The normal rules don’t apply. Viva la capitalism and it’s concentration of wealth and power.
So grocery stores lose money selling a product? Where did you get your info. from?
What the fuck are you talking about? You think everything I posted is negative in terms of percent? It is a 2% profit margin with organic foods being 5-10%.
Google and various articles. It is all over the web from various sources. The percentages may vary some, but they are all close within a percent or two that I saw.
For free? And that wasn’t your example anyways.
Please show me how they are holding anyone hostage. I don’t think holding hostage means what you think it means.
Oh, in socialism or communism there is not concentration of wealth and power?
Unionization, worker co-ops and nationalization of industries would go a long way to prevent this from happening. Or do you not see a problem with this?
But wait, I thought they were getting rid of this industry? Strange they would hire for an industry they are trying to take down. But maybe, just maybe , Biden’s statement that he is NOT banning fracking has some truth to it. And the bribe money corporate politicians take from the industry is serious.
They already had the rigs sitting idle. They didn’t have to invest much capital to get them back up and running and take advantage of Biden’s gas hike. That’s completely different than investing billions in a new refinery.
Take a product that people need to survive and use inflation as an excuse to raise prices. All the while knowing they have pretty much nowhere to go because you are part of an oligopoly. I don’t think you understand how economics really works just basics of theory not practicality. You know how it works out in the real world, where human beings live.