Monday, August 15, 2011
What good is an econ-system,if it fails to supply needed goods&services reasonably priced in relation tocosts?
Any economic system that doesn't curtail profit for basic needs at some level will fail. If the profits are too high people will not be able to afford the product and won't buy them. The companies charging too much will ultimately fail. If this economic system is set within the political structure (i.e. regulated utilities, socialism...) and people can't have access to basic needs it will lead to revolution. Either way it will ultimately sort itself out. If the items are essential basic needs like water and food...well dead customers aren't very good customers at all.
Posted by Janella Heffelbower at 6:23 AM