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"
Tuesday, May 31, 2005
Ignore the hype,
I mentioned in my other posts some of Capitalism's Truths. The important thing to remember about those Truths is that they never change. Don't let anyone tell you otherwise no matter if they are a politician, social worker, or even the President of the United States.(oh...and especially if they are a college professor!) The naysayers are working overtime these days to mislead people; unfortunately they often do. The law of supply and demand will always work whenever and wherever it is tried. You increase the cost of anything and you will get less people wanting it. Likewise if you lower the cost you will get more people wanting it. Remember this the next time you hear a do-gooder trying to make the case that swift and certain punishments for criminals do not deter crime.
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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...