Now of course the typical leftie out there will call this a market failure and an example of why we cannot trust the free market because of corporate greed like this.
I'm a pretty typical leftie and that's not what I said:
If you're judging by that comment, I have to say that's fairly consistent to my position too, particularly the part about government endorsed monopolies with no price controls.
Maybe I'm not a typical lefty either, but I think a goodly proportion of lefties would not violently disagree with that particular statement.
I personally don't support patents at all, but I'm open to the idea that a monopoly with price controls might be better in some respects than the monopoly a patent creates.
On that point, I thought the problem mostly arose when the set price became unprofitable? If there is still money to be made at the regulated price, wouldn't that obviate the incentive to deliberately decrease supply?
I'll go with what Dave Barry wrote: godless unpatriotic pierced-nose Volvo-driving France-loving left-wing communist latte-sucking tofu-chomping holistic-wacko neurotic vegan weenie perverts http://www.adammessinger.com/2004/12/13/barry-heals-nation
I'm a pretty typical leftie and that's not what I said:
http://community.livejournal.com/talk_politics/923582.html?thread=71101118#t71101118
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Maybe I'm not a typical lefty either, but I think a goodly proportion of lefties would not violently disagree with that particular statement.
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On that point, I thought the problem mostly arose when the set price became unprofitable? If there is still money to be made at the regulated price, wouldn't that obviate the incentive to deliberately decrease supply?
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godless unpatriotic pierced-nose Volvo-driving France-loving left-wing communist latte-sucking tofu-chomping holistic-wacko neurotic vegan weenie perverts
http://www.adammessinger.com/2004/12/13/barry-heals-nation
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