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From: Matthew Russotto on 8 May 2010 18:47
In article <96e2d73b-43e9-4f77-b94a-7f89eec34291(a)w3g2000vbd.googlegroups.com>,
Larry G <gross.larry(a)gmail.com> wrote:
>
>If the insurance company offered you a 30% reduction in your premium
>if you allowed an on-board event recorder.. would you do it? 40%,
>50%? how about they tell you they are going to RAISE your premiums
>50% if you do not?

Guess it's AMF to that insurance company.

>Bonus Question: if the insurance company did that to you - would you
>go running to that big bad over-regulating nasty big govt for help?

Of course not. Rather, when I said Adios to the insurance company,
and all the others (who somehow all got the same idea simultaneously,
imagine that?) they'd go to that big bad over-regulating nasty big
government to force me to buy their product under their conditions.
--
The problem with socialism is there's always
someone with less ability and more need.
From: Matthew Russotto on 8 May 2010 18:51
In article <1ce34ae3-81f5-4e69-9b68-a4c2d077e5fb(a)s4g2000prh.googlegroups.com>,
Harry K <turnkey4099(a)hotmail.com> wrote:
>
>When the cost to every manufacturer goes up, the competition to sell
>stays the same. There is a market out there that will be satified no
>matter what the cost (withing reason).

There is a part of the market out there which will be satisfied no
matter what the cost. There's a much larger part of the market upon
which cost has a major impact. Increase the cost to the manufacturer,
and the consumer may do a number of things to mitigate the impact --
most significantly, buy cars less frequently, and buy cars lower down
the manufacturer's line than they would have otherwise.
--
The problem with socialism is there's always
someone with less ability and more need.
From: Matthew Russotto on 8 May 2010 20:03
In article <855a047a-43f8-4f33-b871-69d21a953e0c(a)p17g2000vbe.googlegroups.com>,
Larry G <gross.larry(a)gmail.com> wrote:
>>
>> "market" not equal "capitalism". =A0There are markets in pure socialism.
>
>actually: " Capitalism is an economic system where the means of
>production are privately owned; wage labor is predominant; supply,
>demand and price are at least partially determined by markets; and
>profit is distributed to owners who invested in the business."
>
>I think this pretty much describes the economy of Somalia. No?

No. Wage labor is not predominant.
--
The problem with socialism is there's always
someone with less ability and more need.
From: Larry G on 8 May 2010 22:37
On May 8, 8:28 pm, Larry Sheldon <lfshel...(a)gmail.com> wrote:
> On 5/8/2010 18:56, Matthew Russotto wrote:
>
> > WaWa and Sheetz are convenience store chains in the East (mostly
> > Pennsylvania for WaWa, mostly southeast for Sheetz).
>
> And provide outstanding service.  Truck parking is important to a truck
> hungry truck driver.
>
> >> The problem with undercutting competition by selling at a loss is that
> >> after 'winning' the endurance contest they can never make up for it with
> >> higher prices without inspiring new competition.
>
> > Nor do they ever.  WaWa, at least, has the gas stations to draw people
> > to the attached convenience store.  They maintain gas prices lower
> > than others in the area, they don't drive others out and hike the
> > prices up.  Nor do they ever achieve anything like a monopoly.
>
> They apparently picked a job they thought they were good at, and do it
> very well.
>
monopolies are real and will form in unregulated markets - that we do
know and have seen examples of. IBM, AT&T and Microsoft of recent
vintage.

http://en.wikipedia.org/wiki/Monopoly#Historical_monopolies
From: Larry G on 8 May 2010 22:38
On May 8, 8:28 pm, Larry Sheldon <lfshel...(a)gmail.com> wrote:
> On 5/8/2010 18:56, Matthew Russotto wrote:
>
> > WaWa and Sheetz are convenience store chains in the East (mostly
> > Pennsylvania for WaWa, mostly southeast for Sheetz).
>
> And provide outstanding service.  Truck parking is important to a truck
> hungry truck driver.
>
> >> The problem with undercutting competition by selling at a loss is that
> >> after 'winning' the endurance contest they can never make up for it with
> >> higher prices without inspiring new competition.
>
> > Nor do they ever.  WaWa, at least, has the gas stations to draw people
> > to the attached convenience store.  They maintain gas prices lower
> > than others in the area, they don't drive others out and hike the
> > prices up.  Nor do they ever achieve anything like a monopoly.
>
> They apparently picked a job they thought they were good at, and do it
> very well.

I agree... as I believe that WalMart has shown the same.
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