To: Elroy Jetson who wrote (59654 ) 1/30/2005 5:48:12 AM From: Maurice Winn Read Replies (1) | Respond to Elroy, that's a well-structured review of the amazing new theory about wealth as a measure of energy, talent and charm. Thanks.§ … When an industry earns higher than normal market returns, as the pharmaceutical industry does, is a strong indication of monopolistic practices. > As I mentioned previously, all transactions are transient monopolies but some are more lasting than others. Those with long-lasting monopolies make the big profits. The corner store selling a can of Coca Cola enjoys a monopoly, but an ephemeral one, because next time, the same customer might buy from the shop next door. But on the first purchase, it's a monopoly because I define the "market" as being at that time and place, with the drink stored at a certain temperature and height above the floor level, within an area of 10 square metres, requiring the customer to go to the effort of walking next door to break the monopoly - an obviously abusive monopoly practise. The shopkeeper should have to stock the other shopkeeper's products too, not to mention all sorts of other drinks.
