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China Social Credit
I miss good VP
HR vs Liquid
1/2 LG or 1/3 LG
JR and tonyblack on B
Economic Calculation under Socialism. Which is actually a special case of what I argued here.
Again it matters because he cant calculate those margins without real market prices. He can never accertain the position he actually is. Accounting will not exist. He will be groping in the dark and w...
No I actually showed with economic theory why your assertion is nonsensical. Maybe you should educate yourself a bit more on the matter because it seems the argument went over your head.
No he cant, already detailed why for you.
Im sorry but I already refuted this simplitic view in our other conversation.
If he keeps working inneficiently he will have to curtail production and sell his assets.There is no way around it. The lack of doing so will only accelerate the process. Competition WILL arise and th...
Yes they use their gained position to lobby for advantages with the state like public contracts, regulations that favor them and taxes that stifle competition. Hence thats why the entrenched hate the ...
Wrong again, they need calculations to maximixe their profits. Else they will be working under ineficient conditions and open space for rivals to come in and dispute their market share. In fact if the...
Untrue, losses are in fact the common position in the market. Despite all those millions or billions spent on propaganda. Dont be blinded by succeess stories, they are the odd ones out.
No it cant, the monopolist will only increase prices to the point his marginal profit equates his marginal costs. And to calculate those profits and costs it needs market pricing, which in a complete ...
You can advertise what you want but people have the final choice where they spend their money. If that was true no company would suffer losses and fold. Including the inumerous number of big companies...
Will give it a read thanks. The problem with this free market theory of monopoly is that as the this one big company swallows everything it acually loses the power to calculate effiently because the m...
a) Completely false theoretically and unproven statement based on economic history. Money is an institution on itself. b) Thats exactly what I said.
There are intelectuals and intelectuals. Sure some can make a living on their own, but many pay lip service to socialism and decry capitalism out of petty envy and resentment. And yes those are fuckin...