Quote:
Originally Posted by nomadking
How dare they make profits and generate taxes.  Even Cuba has had to relent and allow some capitalism, iirc mainly tourism related.
Competition can't work in all arenas. If something requires a large investment to build, there has to be enough spare demand for it not to be just sitting there as an expensive white elephant. Even if the plant was built, the costs still have to be recovered, so there is little scope for price reduction. You can't easily have, eg 10 plants, all working at an average 10% capacity.
Just look at the high street and energy supply companies going bust, to see what happens when you add extra business costs and squeeze prices. |
Nobody says that you can’t generate profits, as you say it creates tax revenues. My point, which you seem to have missed, is that economic theory is that suppliers enter the market and drive down prices in the consumer interest. You know, the interest of the 99% of us that don’t own significant shares in previously nationalised industry and are isolated from genuine competition - like EU workers competing for our jobs but for companies.
The theory has failed.
---------- Post added at 18:59 ---------- Previous post was at 18:29 ----------
Quote:
Originally Posted by ianch99
Any more tired cliches to wheel out? This one dimensional cartoon world you live in is fast becoming comical: "Marxist Corbyn, Politics of Envy, Goose that lays golden eggs, Holidays in Venezuela, etc." More please! .. buys more popcorn ...
The world is far more complicated that you seem to be able to grasp.
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Lays golden eggs... in Monaco it would appear.
https://www.theguardian.com/business...ax-monaco-move