Quote:
Originally Posted by kira-red
my arguments are backed up with examples and fact. they reference known definitions and theories. they are not rhetorical and not without substance. so, do not accuse me of this. you would do well to examine your own arguments.
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I said this just about the blood sucking capitalist remark.
And to the rest of your points:
Yes. I there is market manipulation in
EU, I said this in my prior post aswell, obviously they help people who are selling innocently the same item that they are manipulating. My point was that most forms of resseling helps the
EU economy by reducing the variance of prices, and I belive the good outwieghs the bad.
Economists do alot of things that have no real connection with reality (me included). There is no such thing as a "proper price", you are talking about market price that is determined by economic models that vaguely describe the real world economic mechanics. Psychological elemnts are just as important in the economic process, and these are very hard to insert in to the models.
So what is a fair proce? it depends on who you ask.
In
EU the market doesnt have pure competition, so the price of so called equilibrium is not an optimal one and can never be one.
Ofcourse the system is flawed, have you got better solutions?
+rep for the good debate
