>>take an economics class at the local community college
>> You see, you invent & produce a better widget. INVESTORS give you funds to build your widget in a new FACTORY. Your widget is so good that it owns the market putting other widget producers out of business. The dividends from your profit are used to repay the INVESTORS. The remainder goes to you. You reinvest a bunch of your money back into the widget and make different lines of widgets. "Occupy" finds out you made money and protests on your front lawn because you didn't give any money to the local library....
A little oversimplified, isn't it? Here is my version.
Using your near brilliant engineering skills, you design a world class widget. Mass production requires a factory, automated machinery, skilled workers Adan infrastructure. Using your near brilliant marketing skills, you gather the tens of millions of dollars to mass produce this widget. The investors wind up with only 49% of your company. The world class widget is selling fairly good, but not good enough, you need a big merchandiser. You need Wallyworld. Wallyworld only wants; a huge "stocking fee' plus a 'shelf use' agreement, and a 20% discount on your price. Life is good. Profitability is just around the corner. OH NO! The Chinese start production of a WOOJET and there selling price here is half of what it costs you to produce it. Any help from the WTO or even your government it probably years away. You cut your workers benefits and their wages, your best and brightest are jumping ship. Morale is in the crapper and quality is suffering. Stockholder are grumbling, they want a bigger return on their investment. You close the shop, file bankruptcy and license a different Chinese firm to produce you widget. Your hometown tears down the statue that they built for you and your name is now proceded by a expletive. :evil:
>>If you want to live in a centralized PLANED economy then move to China or North Korea (I hear they have a job opening) and leave freedom to those of us that don't need Funk & Wagnalls to understand it. Please.
Your way or the Highway. NOT MY DEFINITION 0F FREEDOM :roll:
>>These days I Pull my punches when talking to fellow Beeks.
A civil discussion on an intellectual level doesn't use punching or invectives.
( I used Merriam - Webster to look up these words) :-D
You mentioned your Social-ist tendencies.
Scadsobees: I was trying for a little levity, a play on the word. The closest thing to socialism in the present world is probably Denmark(?). China and even Cuba are moving away from their version. Not even the Chinese know whats happening in North Korea.
>>In theory it sounds nice, but if you just throw up a factory because an area needs employment, you've created a fish dinner for that >>area as well as a factory that will fail.
>>I think, too, that you underestimate the amount of money it costs to run a factory. Setup costs (buildings) are the least of it. If the >>products don't sell at at least a break even point, that salary money, raw materials, and research will suck a charity foundation dry >>very soon. And if the products sell for too cheaply, the competitor will be put out of business creating a void elsewhere and a net >>employment effect of zero. And when both the new factory and the competitor are out of business....then there's no product
Thanks for the input. That is a major concern.