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GhostOnTheHalfShell

@rbreich Adam Smith:

"Smith thought that high profits were a symptom of serious market disequilibrium: they were ‘always highest in the countries which are going fastest to ruin.’ "

economicsobservatory.com/does-

If markets are central to capitalism and high profits are a symptom of dysfunction in its core pillar, high profits are, in essence, anti-capitalist.

Conservatives don't defend capitalism, they destroy it. The Left is actually doing more for healthy markets.

#WhatCapitalism

29 January at 17:30 | Wall-to-wall | Open on masto.ai
1 comment
feld
@GhostOnTheHalfShell @rbreich it's just price discovery. You just raise your prices and see what the market will bear. Clearly people are willing to pay the prices for the convenience vs going back to cloth diapers (which as a poor 80s kid, we used)
29 January at 18:47 | Open on bikeshed.party
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