Learning about capitalism, in an engaging fun way; explained by a fun engaging young man trying to educate folks in a way they would like to learn. And enjoying every minute of being a part of the "new media"
Monday, October 31, 2005
Inexpensive yet costly,
Even if you can purchase something at a cheap price, you still may pay a huge cost for it. A good example would be illegal labor from Mexico. Some Americans see it as a good thing to have Mexicans work for cheap wages to build houses. They reason that since the Mexicans work for small wages, the houses will cost less. As far as price goes that may be true. But cost includes more than prices; in this case it includes longer waiting lines in doctors offices, higher taxes to supply health care to illegals, and any crime that illegals may bring here with them. That's an expensive cheap house.
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Capitalism isn't just about making money. It's also about competition. When lots of people are trying to sell the same thing, the...
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Today we have a lot of people who don't produce anything, while they demand the right to have what others produce. Such people don't...