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originally posted by: lostbook
a reply to: aiolosmartine
In college, I learned that Socialism is the highest form of government and that Capitalism is eventually doomed to fail because it requires infinite growth even though we live in a finite system of resources. Since both systems each has their faults, I think a combination of Socialism and Capitalism would be best for everyone. We can call it Socio-cap.
originally posted by: Semicollegiate
Entrepreneurism. The entrepreneur is source of all new ways of production and service. Entrepreneurs, as new business creators, turn saved money into investments that pay high returns and speed up the rate technological invention and evolution.
The price of a product tells every one how scarce or plentiful that product is.
originally posted by: xuenchen
a reply to: Aazadan
You might be describing "Progressive Capitalism".
originally posted by: Aazadan
originally posted by: Semicollegiate
Entrepreneurism. The entrepreneur is source of all new ways of production and service. Entrepreneurs, as new business creators, turn saved money into investments that pay high returns and speed up the rate technological invention and evolution.
This generates some value, but again lets use lightbulbs. The original light bulbs had a very long life span, in fact there are still some in use today from the year 1901 and they have burned daily since then. That is far too long a time to make a profit on so another entrepreneur went about creating a rating agency to ensure those who produced light bulbs would stick to an agreement of x% life span. It was a suppression of the free market, but that's capitalism at work.
The price of a product tells every one how scarce or plentiful that product is.
I have a 3d model for sale right now, complete with textures and animations. It sells at a set price. That price has nothing to do with the scarcity of the product because it's just data, it can be copied and used by others infinite times. There are no material costs involved. We could flip this around with another object, diamonds are very plentiful but over 99% of them are kept out of the market in order to raise the price. Then they are promoted heavily as the traditional gem in wedding/engagement rings to create a demand that otherwise wouldn't exist. And when you get right down to it, we can synthetically create the things in great quality. This is all marketing, and nothing else.
Oddly enough, Capitalism if it performed optimally as the theories state would be communism. In perfect competition no firms gain or lose share on each other, and each firm is equally competitive by producing products to meet demand. Then the consumer is well informed enough to find the perfect product for them. That isn't how capitalism works in practice though.
originally posted by: Semicollegiate
The first light bulbs were made for rich people because direct current couldn't be sent long distances and most electrified houses had their own generator. That is why they lasted so long. Those bulbs were never meant for general consumption.
A rating agency can't insure that anyone will stick to an agreement. Only the government can do that. Which is why cartels need big government. Restriction of trade is not possible in capitalism because somebody can always make more money by breaking the agreement and selling cheaper or better bulbs.
The scarce thing is your time and effort. You weren't doing anything else while you were making your program. Your time was a non-renewable resource put into it. That plus the cost of the hardware and software you used, and the electricity and what not is your cost of production. The price reflects the average cost of production incurred by your competition to write the program and make it available for sale.
originally posted by: xuenchen
a reply to: Aazadan
Is there any actual certified authenticated proof those bulbs are that old?
And I thought there is only one, and it was a special kind.
originally posted by: xuenchen
a reply to: Aazadan
Is there any actual certified authenticated proof those bulbs are that old?
And I thought there is only one, and it was a special kind.