[lbo-talk] factory jobs disappearing almost everywhere

Bill Bartlett billbartlett at dodo.com.au
Wed Oct 29 21:10:53 PST 2003


At 6:17 PM -0800 29/10/03, Miles Jackson wrote:


>The global
>problem seems to be the efficient and effective
>distibution of goods and services, not our capacity
>(or lack of capacity) for producing necessary goods
>and services. (So much for the glorious efficiency
>of the Market!)

Markets aren't efficient unless there are shortages. When there are shortages it is indeed gloriously efficient. But the way it works is, if shortages don't naturally exist, it needs to invent them. An elegant self-correcting mechanism, for the most part. Though sometimes laws are needed to outlaw pesky abundance in some markets, or for some commodities that exceptionally cheap to produce.

Bill Bartlett Bracknell Tas



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