bripat9643
Diamond Member
- Apr 1, 2011
- 170,170
- 47,328
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Yeah, because we know you were in the boardroom.If you've worked for large corporations, it must've been as a lackey buried deep in the bowels of themHave you ever worked for a large corporation? I've worked for three - close enough to the top to see what goes on. I think you have some kind of an Ayn Rand fantasy about the 'free' market.Corporations operate as cartels in many, maybe most respects. They don't need government collusion although it's a convenient tool if they can get their guys in power.Even so-called "necessities" obey the laws of supply and demand. Everyone needs gasoline, so according to you the price should never go down. The truth is that oil companies only make about $0.05 on the dollar in profit. As we have seen in recent decades, the price goes up and down as market conditions dictate, so clearly your theory is bullshit.
Corporations can dictate prices only when government enforces a monopoly.
Bullshit. Cartels have been tried ever since the advent of capitalism. They always fall apart unless the government enforces them. OPEC is the classic example. When OPEC sets a price for oil it normally lasts less than a week before all the members start cheating on it.
Every Job I've had is with a large corporation. I think you're an idiot who doesn't know the first thing about basic economics. You're man-in-the-street conception of economics only makes you look stupid.
What a dolt.