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History shows that efficient production always ultimately benefits consumers, even if a producer briefly captures excess profits.
by valuearb 10y ago
History shows that efficient production always ultimately benefits consumers, even if a producer briefly captures excess profits.
- ska 10y agoNot really, history shows us lots of complicated things that give lie to most statements as simple as yours. However, even if it were that simple, the mechanism by which the consumer benefits is the one that I describe, not the production of the efficiencies. Which is why it is important. "Briefly", after all, can be most of your lifetime.