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"
Wednesday, July 06, 2005
Circumstances,
In a free market economy (Capitalism) price is created by circumstance. People who cry constantly about high gas prices, expensive medicine, and high housing costs don't seem to realize this. Depending on the created circumstances a ridiculous high price can become ideal. For instance it normally would be absurd to even think of selling urine to someone; absurd it may be but a drug user who needs a clean sample to pass a drug test would be willing to buy such a thing. So you can see that before you label a price as "too high" you must first know the current circumstances; many anti-Capitalists refuse to realize this simple truth.
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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...