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Why Can't People Say NO! To High Prices???
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<blockquote data-quote="vantexan" data-source="post: 5224555" data-attributes="member: 24302"><p>You don't get it. Companies that charge too much for a given product risk competitors charging less and taking market share. Have you never heard that "competition is good for the consumer?" You're so sure that capitalism is evil but what capitalism does is make producers bring better products to market to attract buyers. No one has to buy a particular product if it's priced too high. At the same time the producer has to charge enough to recoup his costs and still make a profit. The problem with some people is they think people should produce things at the lowest possible price so that they have to spend very little. If people did that then they'd eventually go broke and consumers would no longer have that product. Competition is what keeps prices reasonable but there are times when prices have to rise because of outside influences like the government injecting too much money into the system(inflation) or the producer's costs rise(cost of fuel for example). The question is why don't you know this? Why don't you know that systems like communism fail because they take incentives to do better out of the marketplace? Capitalism works because hard work and risk are rewarded. Take that away and the system unravels. Turn enough of the population into wage slaves and you risk unrest. We're seeing a bit of that now.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5224555, member: 24302"] You don't get it. Companies that charge too much for a given product risk competitors charging less and taking market share. Have you never heard that "competition is good for the consumer?" You're so sure that capitalism is evil but what capitalism does is make producers bring better products to market to attract buyers. No one has to buy a particular product if it's priced too high. At the same time the producer has to charge enough to recoup his costs and still make a profit. The problem with some people is they think people should produce things at the lowest possible price so that they have to spend very little. If people did that then they'd eventually go broke and consumers would no longer have that product. Competition is what keeps prices reasonable but there are times when prices have to rise because of outside influences like the government injecting too much money into the system(inflation) or the producer's costs rise(cost of fuel for example). The question is why don't you know this? Why don't you know that systems like communism fail because they take incentives to do better out of the marketplace? Capitalism works because hard work and risk are rewarded. Take that away and the system unravels. Turn enough of the population into wage slaves and you risk unrest. We're seeing a bit of that now. [/QUOTE]
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