REGISTER NOW!! Why? Because you can't do much without having been registered!

At the moment you have limited access to view all discussions - and most importantly, you haven't joined our community. What are you waiting for? Registration is fast, simple and absolutely free so please, join Join Talking Horses here!

Reply to thread

Message

Well that is very very vague and very very debatable for a start. And what are these million serfs? It's not as if we are within a million miles of such an economy

in fact there is abolsutely no logic to what you are suggesting at all unless this mythical billionaire owns all the means of production. Which is frankly a scenario that will simply never happen.

somlomg as you have rigorous competition then goods and services will be priced in accordance with supply and demand. Only intervention by command economies or monopolies can change that.

[QUOTE="clivex, post: 2518802, member: 65326"] Well that is very very vague and very very debatable for a start. And what are these million serfs? It's not as if we are within a million miles of such an economy in fact there is abolsutely no logic to what you are suggesting at all unless this mythical billionaire owns all the means of production. Which is frankly a scenario that will simply never happen. somlomg as you have rigorous competition then goods and services will be priced in accordance with supply and demand. Only intervention by command economies or monopolies can change that. [/QUOTE]

Verification: 5 + 3 = ?