PDA

View Full Version : Liberals really don't understand basic economics




dude58677
10-09-2010, 01:55 PM
They have this idea that a company is greedy and manipulative when it buys products at a much lower price then what they sell it for. What they do not understand is that if a company does not make a profit, it will go out of business and that product won't be available for anyone. So for a company to make a profit they have to exceed their overhead which is paying for their employees, inventory, real estate, equipment, etc.

This does not include the cost of complying with regulations and the taxes that statists demand. If the government demands higher wages for employees, prices will go up to cover cost for employees as well as cost to comply with regulations.

If the government enacts regulations because prices are too high for consumers, prices will still go up or the business will operate at a loss. Either by again complying with regulations or because it is impossible to give every customer a discount for everything all the time. The company would operate at a financial loss and go out of business.

So what would start out as 25 cents for a drinking bottle each would end up costing over 8 dollars and it is because the company is greedy or malicious. Liberals will never nderstand this because they have no interest in running a business because they would claim that they are not "greedy".

fahayek
10-09-2010, 02:54 PM
Same goes for republicans. They've been price fixing just as long as the liberals. Republicans talk the talk but walk with the libs.

akforme
10-09-2010, 03:16 PM
Same goes for republicans. They've been price fixing just as long as the liberals. Republicans talk the talk but walk with the libs.

What the gop does is confuse a free market as being pro-business. They have no problem using government force to promote business.

ItsTime
10-09-2010, 03:19 PM
Just give everyone a million dollars and everything will be alright!

dude58677
10-09-2010, 03:37 PM
What the gop does is confuse a free market as being pro-business. They have no problem using government force to promote business.

You mean neocons and not Grover Cleveland coservatives such as us. Progressives are also more likely to shoplift a store or pass up good business propositions as they would call these "scams". They would shoplift a store because they do not see how their shoplifting would hurt anyone. When this happens, prices go up because companies have to pay more for security. Also if everyone did that, the company would go out of business and this product would not be available to anyone.

ClayTrainor
10-09-2010, 04:58 PM
Wsj actually did a study on this and it proved that the "left" doesn't grasp basic fundamental Econ 101 concepts. I cant find the link but I'll post it when I do.

Rancher
10-09-2010, 05:01 PM
Just give everyone a million dollars and everything will be alright!

Exactly!

Cdn_for_liberty
10-09-2010, 05:14 PM
I know liberals love easy credit and blame greedy rich people for raising prices

dude58677
10-09-2010, 06:22 PM
Exactly!

Then it wouldn't be worth a million dollars if everyone had it.:D

Austrian Econ Disciple
10-09-2010, 06:46 PM
Conservatives don't understand economics either.

Ireland4Liberty
10-09-2010, 07:38 PM
Normal joe soap will not have the time to look into economics and research for themselves. The media (left leaning) will always find the easiest target to blame and the sheep will follow. Trick is to have people in office who understand true economics but of course they are in the private sector making money and unless the voter researches or the media informs them correctly we are screwed.

Never fear good ideas always win out in the end and so will Austrian economics but right now we are experiencing some growing pains.

justinc.1089
10-09-2010, 08:01 PM
Then it wouldn't be worth a million dollars if everyone had it.:D

A million dollars is a million dollars idiot... you're just making excuses because you don't want to give up all the BILLIONS YOU HAVE because your GREEDY ASHELL!!!!!:mad::mad::mad:

There a poor people out thre that need HELP! We're not all going to be rich like you! Get it through your thick hard head! You just dont care about the poor!

dude58677
10-09-2010, 08:23 PM
A million dollars is a million dollars idiot... you're just making excuses because you don't want to give up all the BILLIONS YOU HAVE because your GREEDY ASHELL!!!!!:mad::mad::mad:

There a poor people out thre that need HELP! We're not all going to be rich like you! Get it through your thick hard head! You just dont care about the poor!

Lololololol!