Re: AC: The Economics of Revolutions
[ QUOTE ]
Syndicates will identify goods and services that they can corner the supply on, providing it only for a higher fee, introducing a price/extortion structure that appeases the majority but offends some.
[/ QUOTE ]
Lol. Good luck with that. A) "Syndicates" cannot exist in unregulated free markets; the EV to break the syndicate is too high for any individual member (because he could gain massively in market share by dropping his prices), so they are unstable in the absence of government interventions. B) Good luck finding a good or service that you can "corner the supply on" (hint: this is what I was talking about when I said this is impossible in a modern technologically advanced capitalist society based on a high degree of the division of labor; there are always several, if not dozens, hundreds, or thousands of suppliers of any conceivable good, service, resource, or factor of production). C) Good luck appeasing the majority by charging them higher prices.
Great business plan!
I chortle.
|