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see my above comment on the law of supply and demand

• metaphorm 13y ago
  I know the basic laws of supply and demand. that is EXACTLY what I mean by dogmatic. you're quoting textbook theory at me as if the doctrine is self proving and as if I'm some sort of idiot for questioning whether your textbook doctrine applies in real life situations. I'm asking you to consider whether or not your abstract economic theory is really operating as you expect it to in this situation. this is the real world we're talking about. its not a free market. its not a toy example in a text book. between naturally occurring inefficiencies, legal interventions, and unforeseen outside forces it is highly doubtful that basic supply/demand price effects can be thought to apply reliably as the textbook describes.
  • holograham 13y ago
    Fair point. I elaborated more above. Think we are missing each other's next move in the reply delay chain. Sure the real world is not a perfect free market. Regulations and laws can be a huge hinderance to new market entrants...Uber ironically has felt that pain a ton with local taxi unions and laws