> Okay, being an economics knucklehead, does this mean that
> in a totally free market profits would not be made?
This depends on what you mean by profit. In a free market competition will drive the price of Capital to reproduction cost.
> Also, in writing "Economics 101 tells us," do you mean that
> this is theoretically believed or has been proven to be
> true in the real world?
Is this a serious question?
>> Only by preventing independent access to the means of
>> production by terrorizing the population.
> So all the regulation of the supopsedly free market creates
> profit since it limits people's ability to get control of
> production. That makes sense to me.
In that regulation creates privilege, which is the antithesis of a free market. Privilege, by eliminating competition, drives price to utility.
-- Dmytri Kleiner, robotnik Telekommunisten, Berlin.
dk at telekommunisten.net http://www.telekommunisten.net freenode/#telnik