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No, it matters to the buyer, and everyone else, because that one transaction doesn't exist in a vacuum. If the buyer is giving the factory an extra 19x the pri
by gpm 7y ago
No, it matters to the buyer, and everyone else, because that one transaction doesn't exist in a vacuum.
If the buyer is giving the factory an extra 19x the price, the factory is incentivized to produce more, the buyer is substantially more likely to be able to buy more then next time they want to. Averaged over society the buyer is much more likely to be able to buy whatever they need the next time they need to buy anything.
If it's Joe Schmoe Markup Inc getting the extra 19x the price, there is no benefit to society or the buyer. Joe Schmoe is just an asshole profiting off of making other people worse off. That should be criminal.