Annie
Diamond Member
- Nov 22, 2003
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that is the most basic principle and it does not tell the whole story of how things work. advertising and marketing help alot too. there are other forces like greed and fixing of contracts that can make one rich with inferior or adequate products. billionaires like Ross Perot got incredibly wealthy by snagging guv contracts. It's not like his company provided a superior product or provided a service to be found nowhere else.
Yet the markets worked predating marketing, which is an offshoot. Marketing and advertising do provide services that are in demand.
You're correct that their are those that profit more than others, George Soros certainly comes to mind, an example of greed and other forces at work.
I never said the best always win, but it really is for the markets to decide. If however there are crimes involved, well that is for the police powers to deal with.