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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (10402)	12/21/2007 1:15:44 PM
From: CapitalistHogg™	Read Replies (1) \| Respond to of 24758

No one is "ripped off". The suburbanite is happy with the transaction. At the same time there is no free market here because the dealer does not reveal prices. Maybe in some theoretical world but not in the real world. Cooperation can't be defined in free market theory. Microeconomics is not really that different than macro. Demand is price inelastic. True. And perhaps that is why you are correct. Not a free market because there is no rule of law. Not needed...oh but wait! that is why demand is price inelastic...hmmmm you got me there. Loyalty is thin in the biz. In this microeconomic example that was the point...A doesn't have loyalty, he cheats the system. B does have loyalty because it serves his purpose makes life easier safer and most importantly profitable. B does not know the best interest of the group. No one knows that in any kind of market, free, fair, black, or white. Presuming to know that invites failure, collusion, and chaos. wrong wrong wrong. A thinks he can get away with it (cheating customers)-- that equals chaos. B knows it is in his best interest to cooperate because not doing so would only invite trouble. customers know it is also in their best interests to cooperate. period. The only time cheating works is when you can get away with it --- ultimately that is bad for business --- unless you are absolutely isolated (dictatorship) cheating the system doesn't work in the long run. You don't know Smith's works. Probably, but i do own the Wealth of Nations books I -III and occasionally read from time to time. Indeed, a black market arises when authority stops the function of a free market. A set of transactions does not define a free market, only a market. One set of "Authority" is merely replaced with another set of "Authority". Hence my point about "black market" being the ultimate capitalistic market, it IS Anarcho-Capitalism the finest and purest form of capitalism because one is made both self governing and democratic. Pirate ships are another perfect example of anarcho-capitalism both self governing and democratic if the Captain of the Ship didn't perform up to a "code of conduct" <read law> he was made to walk the plank!