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do you belive that there is such as thing as a 'just profit'
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| Spacey Orange |
| if so, what seems fair and what is out of bounds? if not, why not? |
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| Shakka |
| quote: | Originally posted by Spacey Orange
if so, what seems fair and what is out of bounds? if not, why not? |
Yes. What is "fair" is a mutually agreeable price at which buyers and sellers are willing to transact with each other. |
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| Capitalizt |
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| Magnetonium |
So, that means that Wal-Mart is a just company? I dont think the initial question has been answered yet ... |
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| Shakka |
| quote: | Originally posted by Magnetonium
So, that means that Wal-Mart is a just company? I dont think the initial question has been answered yet ... |
How so? He asked what constitutes "just profits" not what constitutes a "just company." What point is it that you're trying to make? Don't ask a leading question if you're not going to say where you're going with it. |
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| Krypton |
| Profit is just up to the point at which the buyer has no choice but to buy. |
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| jerZ07002 |
| quote: | Originally posted by Shakka
Yes. What is "fair" is a mutually agreeable price at which buyers and sellers are willing to transact with each other. |
one additional comment - all material information should be known by both buyer and seller. |
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| Shakka |
| quote: | Originally posted by Krypton
Profit is just up to the point at which the buyer has no choice but to buy. |
When does a buyer not have a choice? |
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| Krypton |
| quote: | Originally posted by Shakka
When does a buyer not have a choice? |
One instance are businesses whose revenue depends on a supply of fuel. Also monopolies. |
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| Shakka |
| quote: | Originally posted by Krypton
One instance are businesses whose revenue depends on a supply of fuel. Also monopolies. |
Monopolies don't necessarily force anyone to buy their products. The closest thing I can think of that would fit that criticism would be Microsoft in the 1990s with the explosion of Windows. However, as much as people may complain and point fingers at them, I think that the productivity gains and technological innovation that was significantly driven by Microsoft is justification enough for the billions of dollars that went into Bill Gates (and the millions of MSFT shareholders') pockets. Furthermore, Gates is the largest single charitable doner in the world today so he gets a little credit in my book. Also, it's not like MSFT charged an exorbitant price for Windows. People certainly always had the option of getting a Mac, but at the time, Microsoft simply offered a superior product. So I'm really a bit hard pressed to conclude that MSFT's profits as a monopoly were "unjust." I think we're straying from the topic a bit--perhaps you have more specific examples without just giving a broad based generalization? |
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| Zild |
| If you create wealth you justly deserve a profit. |
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