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The state benefits system mega-thread.
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Old Today, 09:21   #2311
jfman
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Re: The state benefits system mega-thread.

So competition, and by proxy capitalism, is bad?

Not the point I thought you were aiming for but there we go.
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Old Today, 09:32   #2312
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Re: The state benefits system mega-thread.

Quote:
Originally Posted by jfman View Post
So competition, and by proxy capitalism, is bad?

Not the point I thought you were aiming for but there we go.
It's not competition. Overproduction(eg housing) leads to economic catastrophe. Nothing ends up cheaper. It has to all be paid for somewhere down the line. Eg Why build 9 plants when only 3 are needed? If those 3 firms got together and shared out the demand, the COSTS of producing the drugs would be cheaper than otherwise. Yet people claim that it anti-competitive and drives up prices? Their aim is to minimize costs and therefore prices.

Your original claim was:-
Quote:
What we know is capitalism is happy to let people die in the pursuit of profits. Pharmaceuticals 101. Limit supply, push prices up.
Competition means that if there was unfulfilled demand, somebody, somewhere would fill it. The central problem is that there isn't a massive unfulfilled demand.

Last edited by nomadking; Today at 09:46.
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Old Today, 10:03   #2313
jfman
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Re: The state benefits system mega-thread.

The problem is you want to limit the number of suppliers. That's not perfect competition as defined in economics.

Oversupply isn't bad for the consumers it drives down prices until the market finds its equilibrium.

Capitalism should only be good for big business appears to be your stance.
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Old Today, 10:38   #2314
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Re: The state benefits system mega-thread.

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Originally Posted by jfman View Post
Ask £5000 a year commuters if privatisation and increased competition lowered prices.
The high level of fares is explained by the fact that the government decided that rail users should pay more than the non-rail using taxpayer to fund the modernisation of the railways after many decades of neglect.

As an economist, you should be explaining that to us, not the other way around!

---------- Post added at 10:38 ---------- Previous post was at 10:33 ----------

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Why would they not seek to save on expenditure? Itís money they could spend elsewhere. Infrastructure, health, social care?

What we know is capitalism is happy to let people die in the pursuit of profits. Pharmaceuticals 101. Limit supply, push prices up.
That's an absurd analysis. Capitalism has the effect of reducing costs. Governments are well known for wasting money. Nationalised industries are inefficient. Everyone knows that.
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Old Today, 10:39   #2315
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Re: The state benefits system mega-thread.

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Originally Posted by OLD BOY View Post
The high level of fares is explained by the fact that the government decided that rail users should pay more than the non-rail using taxpayer to fund the modernisation of the railways after many decades of neglect.

As an economist, you should be explaining that to us, not the other way around!
Exactly, the consumer still pays and more where competition isn't genuinely created. Giving us some of the highest fares per mile in Europe.
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Old Today, 10:45   #2316
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Re: The state benefits system mega-thread.

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Originally Posted by jfman View Post
Can you translate that into English and more importantly explain why people needlessly die due to the cost of medical care? Either that not provided by the NHS or failed insurance based mldekd elsewhere.

Monopolies donít keep costs down to the consumer. Donít they teach capitalists basic economics?
Nationalised industries are monopolies, of course. You are just winding everyone up, you know you are talking nonsense.

---------- Post added at 10:45 ---------- Previous post was at 10:40 ----------

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Originally Posted by jfman View Post
Exactly, the consumer still pays and more where competition isn't genuinely created. Giving us some of the highest fares per mile in Europe.
As I explained, the fares in this country are high because the government has decided that it is not fair that all taxpayers should fund the required cost of investment and that it should be the rail user who pays for this.
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Old Today, 10:49   #2317
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Re: The state benefits system mega-thread.

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Originally Posted by OLD BOY View Post

As I explained, the fares in this country are high because the government has decided that it is not fair that all taxpayers should fund the required cost of investment and that it should be the rail user who pays for this.
In other words the government does not give two hoots about the rail user..
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