[lbo-talk] barbaric

BklynMagus magcomm at ix.netcom.com
Mon Mar 5 09:28:53 PST 2007



> This depends on what you mean by profit. In a free
market competition will drive the price of Capital to reproduction cost.

And does this mean that there will be no profit, just a recouping of what was spent in the first place? When I refer to profit I am thinking about ending up with more money at the end than you started out with.


>Is this a serious question?

Yes, and there is no need for your contempt. I was just wondering if there had ever existed ever a free market without regulation, or if it was merely an idea that is used in economic theory.


> In that regulation creates privilege, which is the
antithesis of a free market. Privilege, by eliminating competition, drives price to utility.

Okat, what does "drives price to utility" mean. Answering questions about theoryspeak with more theoryspeak is not helpful.

Brian



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