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> It can equally be argued that those swampland owners bought the land in the first place because they had a vision that it could one day host a unique commerci
by vinceguidry 3y ago
> It can equally be argued that those swampland owners bought the land in the first place because they had a vision that it could one day host a unique commercial enterprise.
Heh. On swampland? The amount of money you need to do anything with it is just huge. They bought the land for exactly what others were willing to sell it for. Nothing more, nothing less. If they thought it was worth more, they would have held out for more.
- anigbrowl 3y agoAnd they made a huge commercial success out of it, as you originally pointed out. None of which is responsive the point that one should not engage in misrepresentation and deception, which undermine the competitive function of markets.
- solumunus 3y agoThey would have realised it was worth more if the true demand wasn’t obfuscated.