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, August 31, 2005
Who's being taken advantage of?
Every time a natural disaster occurs we hear of "price gouging" going on. Are companies really taking advantage of people after natural disasters through "price gouging"? The mainstream media is actually taking advantage by using such an event to further its anti-Capitalist agenda. What they call "price gouging" is simply the free market doing its thing. When demand increases so does price, and for good reason; if the price stays the same or is kept low by the government a shortage will occur. That means instead of expensive food, and gas the locals will have no food or gas. Which is better for the locals?
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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...