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To: StatesEnemy
That paragraph just repeats what you already said.

Again, there is no economic law concerning the equilibrium between profits and wages. Obviously, no company will produce a product that no-one can buy. This mythical america where rich companies are producing products that no-one can buy is just another fantasy from those who, for some mysterious reason, HAVE NEVER BEEN ABLE TO GRASP THE BASICS OF ECONOMICS.

85 posted on 02/18/2004 6:04:28 AM PST by Taliesan
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To: Taliesan
There is a certain equilibrium --- health insurance and other benefits were provided when competition for labor existed. Health care is one of the biggest part of the economy --- but is becoming more and more government subsidized because of high numbers of uninsured.
89 posted on 02/18/2004 6:07:37 AM PST by FITZ
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To: Taliesan
"Obviously, no company will produce a product that no-one can buy."

on a similar note, a Blue Angel is on Ebay starting bid is 29 million. what was that about providing what noone can buy? there may not be a stable equalibrium, but there is an equalibrium. you give someone money for a job, they spend said money. you give them too little money, they leave said job for another to spend more money. you give them to much, you lose profit, they spend money, and lose job when you lose your business by spedning to much. trouble keeping up?

"extreme, middle, extreme" with the "middle" working is called an "equalibrium"
91 posted on 02/18/2004 6:09:57 AM PST by MacDorcha
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