Google| Subject | Re: Calumet files Chapter 7 |
| From | Tony Cooper |
| Date | 03/24/2014 15:11 (03/24/2014 10:11) |
| Message-ID | <oje0j9tgctsg1r38tlfunpqr9t9n0ea7k6@4ax.com> |
| Client | |
| Newsgroups | rec.photo.digital |
| Follows | Martin Brown |
| Followups | Martin Brown (9m) |
On Mon, 24 Mar 2014 09:07:11 +0000, Martin Brown <|||newspam|||@nezumi.demon.co.uk>wrote:
That's a shift, not a failure of capitalism. The online sources are capitalistic ventures. Capitalism means an individual can set up shop on the high street or online. Capitalism allows that venture to set pricing in such a way to attract the business that would otherwise go to competitors.Tony CooperMartin Brown
This isn't a failure of capitalism. It's a failure of a few individuals to successfully manage a business in a changing market. Other capitalists reacted more intelligently to the changing market and provided competition that Calumet couldn't keep up with.
Actually I think it is a failure of capitalism in that people these days buy the cheapest online and screw over the honest dealers. High streets are now increasingly half empty or worse still occupied by charity shops selling tat and payday loan sharks stolen goods.
There is nothing inherently "honest" about setting high prices for goods, and nothing "dishonest" about undercutting high prices. -- Tony Cooper - Orlando FL
03/13/2014-
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