Greed, or self interest, is a driving force in S&D. It motivates the supply end. Morality can have an effect on demand. There are many people who won't eat pork because factory farm conditions for pigs are indescribably horrific. Ponzi schemes create demand for fraud. Church collection plates supply (false) salvation for those who demand it.
Whenever there is unusually high profits in any business, it will attract more competitors. Eventually others will make epipens and sell them cheaper because they can still make a profit. This will drive the price down. Unless of course there is some reason competition is not allowed. Patents for example, which have a time limit, or the government not allowing Big Pharma to have generic competition like the situation in the USA. But that just changes the supply side of the equation, absolutely to the detriment of the little guy. Epipens are an example of where the consumer would be better served if the free market were left alone.
Off Topic » in reply to Greed. Morality. Ponzi schemes. Tax free church collection plates.
epipen cost, etc
The whole thread (75 posts)
- What's the big deal about rate hikes?
- Contrary to popular belief...
- Wow
- podinium
- podinium is basically worthless
- Economics is not physics
- In your defense
- We've covered this before, but you refused to accept it.
- As for ice cream...
- OMFG this is frustrating
- We've covered this before, but you refused to accept it.
- podinium
- Wow
- 1980
- Contrary to popular belief...