Outcast_Searcher wrote:In the business world, there is this thing called competition. Over time, that constrains profits (i.e. keeps them "in check", to use your words. Funny how the left hates profits so much, yet LOVES taxing them all they can).
1). I never said anything about unlimited profit.
2). I never said anything about unlimited demand.
3). Quantum physics has no place in this discussion, and you seem indecisive about that anyway.
4). Why all the straw men? Because you don't have a meaningful argument? All I said is that businesses primarily exist to make a profit. Just because, as you imply, you don't like profits -- that doesn't change the reality.
5). Finally, shifting of supply and demand curves and all the micro-economics 101 terms you care to throw out like "marginal utility" (yeah, I had micro-econ in college) have NO bearing on the fundamental point about businesses existing to make profits.
evilgenius wrote:Outcast_Searcher wrote:In the business world, there is this thing called competition. Over time, that constrains profits (i.e. keeps them "in check", to use your words. Funny how the left hates profits so much, yet LOVES taxing them all they can).
1). I never said anything about unlimited profit.
2). I never said anything about unlimited demand.
3). Quantum physics has no place in this discussion, and you seem indecisive about that anyway.
4). Why all the straw men? Because you don't have a meaningful argument? All I said is that businesses primarily exist to make a profit. Just because, as you imply, you don't like profits -- that doesn't change the reality.
5). Finally, shifting of supply and demand curves and all the micro-economics 101 terms you care to throw out like "marginal utility" (yeah, I had micro-econ in college) have NO bearing on the fundamental point about businesses existing to make profits.
You don't seem able to listen. I don't mean able to agree with me. Perhaps that is because you read what I wrote and took that as some kind of anti-profit message? My point is not that a business doesn't go into business with the goal of making a profit. My point is that what the business does in order to make that profit is determined by whether there is any demand for what the business has to offer. If there isn't, then the people involved will look around for some other thing to do, something for which they perceive demand. This is why I say that the stipulation that businesses exist to make a profit is as demonstrably false as Marx's Labor Theory of Value. They don't exist for that, that can't be your reason for existence, otherwise, you could do anything for which there is no demand and somehow make a profit, without selling anything. Supply side economics aside, which does assume some pretty weird things about the demand curve, you don't go into business to say you are in business. You go into business to sell goods or services. That means engaging in a market. Just as markets determine value, and not labor, they also reveal demand at various prices. Your price will only ever reveal so much demand, no matter how you spin it. It is up to you as to whether you can make a profit at that price, not the market.
Cog wrote:You are wrong again.
I engage in business to make money(profit). Tomorrow I could buy I-Phones at full cost and sell them for half of what I paid for them. I would do a booming business until I went broke but according to your theory, I went into business simply to sell something. No, No, No.
Thank God you aren't in charge of a business. Your Marxist theory of why people form a business is giving me a headache that only a beer can cure.
Please do yourself a favor and take a few business classes at the local community college. You are embarrassing yourself here.
Cog wrote:You are wrong again.
I engage in business to make money(profit). Tomorrow I could buy I-Phones at full cost and sell them for half of what I paid for them. I would do a booming business until I went broke but according to your theory, I went into business simply to sell something. No, No, No.
Thank God you aren't in charge of a business. Your Marxist theory of why people form a business is giving me a headache that only a beer can cure.
Please do yourself a favor and take a few business classes at the local community college. You are embarrassing yourself here.
evilgenius wrote:Cog wrote:You are wrong again.
I engage in business to make money(profit). Tomorrow I could buy I-Phones at full cost and sell them for half of what I paid for them. I would do a booming business until I went broke but according to your theory, I went into business simply to sell something. No, No, No.
Thank God you aren't in charge of a business. Your Marxist theory of why people form a business is giving me a headache that only a beer can cure.
Please do yourself a favor and take a few business classes at the local community college. You are embarrassing yourself here.
I'm afraid you are the one embarrassing yourself, and you can't even see it. I feel sorry for you.
Outcast_Searcher wrote:evilgenius wrote:Cog wrote:You are wrong again.
I engage in business to make money(profit). Tomorrow I could buy I-Phones at full cost and sell them for half of what I paid for them. I would do a booming business until I went broke but according to your theory, I went into business simply to sell something. No, No, No.
Thank God you aren't in charge of a business. Your Marxist theory of why people form a business is giving me a headache that only a beer can cure.
Please do yourself a favor and take a few business classes at the local community college. You are embarrassing yourself here.
I'm afraid you are the one embarrassing yourself, and you can't even see it. I feel sorry for you.
Semantics games don't make you look any more competent in the field of economics, but thanks for playing.
Meanwhile I'll alert the media that the global stock markets shouldn't worry about profits since it's all about mission statements and Karl Marx!
(You can't make this stuff up).
evilgenius wrote:Outcast_Searcher wrote:evilgenius wrote:Cog wrote:You are wrong again.
I engage in business to make money(profit). Tomorrow I could buy I-Phones at full cost and sell them for half of what I paid for them. I would do a booming business until I went broke but according to your theory, I went into business simply to sell something. No, No, No.
Thank God you aren't in charge of a business. Your Marxist theory of why people form a business is giving me a headache that only a beer can cure.
Please do yourself a favor and take a few business classes at the local community college. You are embarrassing yourself here.
I'm afraid you are the one embarrassing yourself, and you can't even see it. I feel sorry for you.
Semantics games don't make you look any more competent in the field of economics, but thanks for playing.
Meanwhile I'll alert the media that the global stock markets shouldn't worry about profits since it's all about mission statements and Karl Marx!
(You can't make this stuff up).
Go ahead, I'm sure they are just waiting to hear what you have to say.
Return to North America Discussion
Users browsing this forum: No registered users and 34 guests