A secondary goal within the freemarket system requires producing a sellable product. It's part of the demad of supply & demand. If an industry is unable to produce aproduct at a price the market can actually afford, there is no demand. If a farmer in Texas is unable to purchase hay for $80 a ton, he may buy it for an icreased price out of the Dakotas, but if that hay is to expensive, he will simply start selling off livestock. I don't know if Dave2 is a socialist, communist or simply a capitalist. To be honest, it doesn't matter, as the concept that goods and services do not have a market if the cost is greater than the market can support is common to all three methods of view economics. How many times have we heard economist speaking about the current unemployment refer to the high cost of government regulation driving up the cost of doing business. Those making these claims are considered firm hard capitalist. If the farmer in Texas were to pay $200 for hay, as opposed to $80, how much would he need to sell his beef for inorder to make any profit? The market can only absorb so much increase in Beef, before people stop buying it. Taking as a whole JD, I don't think his remarks would call into question whether he is a socialist. There is no more capitalist a veiw than to watch out for high cost with low returns.
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Today's Featured Article - Roof Palomino - Tractor or Jeep? - by Steve Nelson. My father-in-law purchased this jeep-like lawn mower back in 1968. He says he paid $1600.00 for it, which was big bucks back then for a mower. My own father bought a VW bug the same year for the same price. Well it
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