Comment

A Walk on the Edge

707
Obdicut (Now with 2% less brain)2/23/2010 9:43:16 am PST

re: #700 Stonemason

yup, perfect sense, the price of widgets was too high to begin with, Big Widget was ripping off the consumer.

No, you don’t understand. The price was not too high. It was a perfectly fair capitalist transaction, uncoerced. Why would you say it was ‘too high’? It’s widgets!

Do you understand that your assertion that companies pass costs to the lowest point is untrue? Do you understand that accepting a higher cost and not raising the price can produce higher profits?