Quote:
Originally Posted by Xen
And Kira-red, "what the market will bear" is capitalism.
|
no. it's not.
it is the mantra of the exploitive capitalist.
capitalism (noun.) An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
which leads us to...
free market
The production and exchange of goods and services without interference from the government or from monopolies.
which leads to...
mo·nop·o·ly –noun, plural -lies.
1. exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly.
of course leading to....
oligopoly –noun
the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors.
thus, manipulation of the market through the creation of of an exploitive oligopoly/monopoly/cartel is not a free market and thus not capitalism.
additionally, the manipulation of the market to force higher priced for a product in the control of an oligopoly is the classic application of the "what the market will bear" axiom. in a free market, the market itself sets the price it is not forced upon it. again, we are talking about situations where the price is being forced.
Quote:
Originally Posted by Xen
You may not like capitalism, but it is a legitimate economic model, irl and in this game. If you want to argue that capitalism is bad, that is really another debate...
|
I never said this nor was I asking for a debate on the mertits of capitalism. ]
one more time... I am asking for people to provide a situation where an explotive capitalist (unethical trader, parasitic reselller) had either directly or indirectly benefited them.