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2) You're saying remove the supply of part of the equation? By this logic my iphone should cost $100,000 because it generated that much value for me. Or I shoul
by KaoruAoiShiho 13y ago
2) You're saying remove the supply of part of the equation? By this logic my iphone should cost $100,000 because it generated that much value for me. Or I should've paid my accountant closer to 50k instead of the 1k I paid him because that's how much the penalties would've been.
- rayiner 13y agoI'm saying that its an arbitrary choice for a society to allow companies to base compensation on supply and demand. As soon as you institute law to keep laborers from occupying factories and taking them over, everything subsequent is arbitrary and can be chosen to achieve whatever social goals you want. Supply and demand is not some law of nature. Its a phenomenon that emerges in particular legal regimes.
- brockers 13y agoSupply and demand is a economic model that exists in ALL economies that have finite resources and free exchange. The only ways to overcome supply and demand in the long run (as even the law of gravity can be overcome in the short run), is to either limit free exchange by force or have access to unlimited resources.