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"
Saturday, May 07, 2005
Capitalism in the criminals' mind,
Even criminals make economic decisions. When deciding where to stage a burglary they go to certain neighborhoods more than others; they also look for certain types of people to be their victims. Most often they look for unarmed people to become their victims. Why? Because the cost of committing a crime, is much lower (to the criminal) with a unarmed person. The law of supply and demand isn't just a money thing; it is a universal principle that applies to every economic decision made by any individual.
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Capitalism isn't the reason a coke bottle costs $3 today. Capitalism is the reason a coke bottle cost only 5 cents in the old days. G...
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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...