"Did IQs just drop sharply while I was away?"

Started Jul 27, 2012 | Discussions thread
Mr_Cynical Regular Member • Posts: 294
Re: We all want what we can't afford but why complain?

MichaelKJ wrote:


Every company sets prices for their products that they think will optimize profits. If you want companies to behave otherwise, then you should acknowledge that you are a socialist or communist or that you believe in some other form of non-market economic system.

Er... no. You fail Economics 101, do not pass go do not collect $200.

1. Company makes product and sets price

2. Consumer either thinks price is good value and buys the product, or thinks price is not good value and doesn't buy the product

Complaints that a product is overpriced are very much a part of free market economics: that's what supply and demand is (i.e. how much 'demand' there is for a product at a given 'supply' price point)

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