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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (345875)8/6/2007 5:28:43 PM
From: TimF  Read Replies (2) of 1576346
 
They do benefit in the sense that they trade something they value less for something they value more.

Of course neither party has a crystal ball, and the personal and market values of the traded goods or services can change over time, but at the time of the trade both parties benefit, except in cases of fraud.

In reality, with capitalism, an exchange could occur where neither party benefits even if there is no third party present. Maybe that's why we need a third party present at least some of the time.

That doesn't make any sense as an argument. Even if you assume that exchanges would occur when neither party benefits, that doesn't give any reason to want a third party in the picture unless you think the third party knows what will benefit the first two parties, better than those parties themselves, which is very unlikely. And in any case if the parties didn't benefit they wouldn't make the trade.
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