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To: PMG who wrote (7040)	8/13/2001 11:55:23 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 74559

PMG - <<<<< <<<The proper use of competition is to determine which producer shall be the monopoly producer >>> <<< not demanding an artificial production competition >>> Wow! Now who is the socialist here??? What you describe is exactly the system of the former GDR, I am impressed! Who TF shall do such regulation?? Also, you didn't catch the concept of w = cr PLUS cr, which includes of course the fact that people are not only consumers but also can share profits (pr) by owning stock. It is a proven fact that monopolies reduce w, ask any Harvard professor if you have any doubts... >>>>> Reading comprehension includes the requirement to refrain from reading things between the lines that are not there. I can assure you that you will never find a post of mine supporting regulation, past, present or future, even if I thought it were desirable in a rare case or two. The point was that the beneficial effects of competition in allocating resources are not limited to competition in actual production, and insisting on such by artificial legal constraints is often counterproductive. Since all economic values are subjective, trying to combine them in an equation has no validity. The proven fact is that Harvard professors reduce wealth. Regards, Don