Anyone killed in the two great capitalist wars of the 20th century died for private profit. Any Irish or Indians who starved to death under the capitalist rule of the British Empire died for private profit. Capitalism is a disease whose time has passed.
Strange how none of them die in capitalist countries.
List of countries by GDP (PPP) per capita - Wikipedia
en.wikipedia.org
Bolivia - Rank = 150, 8832 USD
Monopolies set prices with no input from "free" markets required, and there's nothing subjective about that.
Because timid white supremacists made sure blacks would not be allowed to own their homes at the same rate as equally qualified whites.
The only monopolies in this country are all created and protected by the government.Monopolies set prices with no input from "free" markets required, and there's nothing subjective about that.
Achieving monopoly status is what every capitalist aspires to.
It's one more in a long list of inherent capitalist contradictions.
"A monopoly can be recognized by certain characteristics that set it aside from the other market structures:
Introduction to Monopoly | Boundless Economics
- Profit maximizer: a monopoly maximizes profits. Due to the lack of competition a firm can charge a set price above what would be charged in a competitive market, thereby maximizing its revenue.
- Price maker: the monopoly decides the price of the good or product being sold. The price is set by determining the quantity in order to demand the price desired by the firm (maximizes revenue).
- High barriers to entry: other sellers are unable to enter the market of the monopoly.
- Single seller: in a monopoly one seller produces all of the output for a good or service. The entire market is served by a single firm. For practical purposes the firm is the same as the industry.
- Price discrimination: in a monopoly the firm can change the price and quantity of the good or service. In an elastic market the firm will sell a high quantity of the good if the price is less. If the price is high, the firm will sell a reduced quantity in an elastic market."
There is absolutely no evidence to support that claim.
Greed is NOT good.
You know, I started out typing a reply, but I thought "why pretend this commie shill deserves anything more than contempt and ridicule?" I couldn't really come up with a good answer. You got anything?
Hit ignore.
Monopolies set prices with no input from "free" markets required, and there's nothing subjective about that.
Achieving monopoly status is what every capitalist aspires to.
It's one more in a long list of inherent capitalist contradictions.
"A monopoly can be recognized by certain characteristics that set it aside from the other market structures:
Introduction to Monopoly | Boundless Economics
- Profit maximizer: a monopoly maximizes profits. Due to the lack of competition a firm can charge a set price above what would be charged in a competitive market, thereby maximizing its revenue.
- Price maker: the monopoly decides the price of the good or product being sold. The price is set by determining the quantity in order to demand the price desired by the firm (maximizes revenue).
- High barriers to entry: other sellers are unable to enter the market of the monopoly.
- Single seller: in a monopoly one seller produces all of the output for a good or service. The entire market is served by a single firm. For practical purposes the firm is the same as the industry.
- Price discrimination: in a monopoly the firm can change the price and quantity of the good or service. In an elastic market the firm will sell a high quantity of the good if the price is less. If the price is high, the firm will sell a reduced quantity in an elastic market."
Why isn’t Floyd in the car?
"A wave of protests in U.S. cities last year provoked by police killings of Black citizens, including George Floyd on May 25, raised awareness of the history of what academics call systemic racism."
The Historical Reasons Behind the U.S. Racial Wealth Gap
"A wave of protests in U.S. cities last year provoked by police killings of Black citizens, including George Floyd on May 25, raised awareness of the history of what academics call systemic racism."
The Historical Reasons Behind the U.S. Racial Wealth Gap
Tell Bloomberg.
That may have been true in the 1930s. It was true in the 1980s. It was against the law.
