| Re: Scarcity - and how capitalism solves it |
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Group: alt.philosophy · Group Profile
Author: Fred WeissFred Weiss Date: Sep 7, 2008 08:40
On Sep 7, 5:39Â am, chazwin yahoo.com> wrote:
> Scarcity is not a quality of the market that any capitalist system
> seeks to solve.
Yeah? Ask any businessman how he feels when his customers are
clamoring for product and he hasn't gotten any to sell them. (And btw
if he is playing some game of restricting supply to jack up prices all
he's doing is encouraging competition).
You guys live in an alternate universe of your own wild imaginings
which bear no relationship to actual reality.
But that of course has been the problem with the masturbatory fantasy
of socialism from the beginning.
It's also worth noting that the two paradigms of evil "Robber Baron"
capitalists - Rockefeller and Ford - made their fortunes by vastly
increasing the supply of oil and automobiles respectively and at the
same time drastically lowering the price, Rockefeller by 90%%. That in
fact is what he was criticized for because in so doing he threw dozens
of his competitors out of business who couldn't match his efficiency.
>... in restricts the supply by withholding excessive development,...
Oh, and here I thought the primary criticism was over development.
It's not the oil companies that banned drilling in ANWR for example.
>... secondly it increases demand by advertising...
Which of course bears absolutely no relationship to your accusation
that supply is being restricted. The whole point of advertising is to
sell *more* product.
Chazz, you really should stick to something you know something about
and at which you have something intelligent to say, like the fallacies
of AGW.
Fred Weiss
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