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All Mark has to do is reduce his price a little. People will then rationalise their decision to buy Mark's honey by telling themselves that if the price was th
by tenant 7y ago
All Mark has to do is reduce his price a little.
People will then rationalise their decision to buy Mark's honey by telling themselves that if the price was the same they'd buy Barry's because they care about the bees.
- jiofih 7y agoExactly! Then they start a race to the bottom, take up debt, and spend on marketing until one goes bust! By then everyone is buying imported synthetic honey which is way cheaper anyway. Heil capitalism.
- nostrebored 7y ago... so you're saying at the end of the day consumers got a better product that's ostensibly valuable and accessible?
- pjc50 7y agoThey get a product which is worse, but in very non-obvious ways, and has some sort of negative environmental impact that is hard to identify until years later.
- xaxsacsdaffbnk 7y agoThey get what they pay for. And here in my capitalist country, "good" honey seems to be selling just fine.
- wayoutthere 7y agoThe biggest problem with modern capitalism is that you don't know if something is "good" before you buy it. The information asymmetry / obfuscation ensures that.
- xaxsacsdaffbnk 7y agoThat's nonsense. Businesses offering bad products go out of business. Can't say the same for state owned industries. Of course it is also up to you. You can always choose to buy from dodgy sellers to save a few bucks. Brands exist for a reason, to guarantee a certain quality.
- jiofih 7y agoInformation asymmetry and lack of regulation allow bad businesses to stay in business. I’m sure you can recall quite a few if you sit down for a minute. Also poverty (lack of options). Think of how the 70% of the population who barely gets by would read your comment on being cheap.
- xaxsacsdaffbnk 7y agoWhich ones can you recall? If you can "recall" them, why do you still do business with them? Don't know about the US, but I think most people there shop at Walmart or Costco. Seems to work fine.
- imron 7y ago"imported synthetic honey" is not a better product.
- egdod 7y agoEven if the prices were the same, the public doesn't give a shit how a company treats its workers. The whole premise is flawed.