Mark Janssen wrote:
This seems backwards. If the barrier to entry is near zero (I can use the commons to sell my produce) ,I can still sell my produce at just as much profit as otherwise, perhaps even moreso.
Hi Mark, When I say 'Profit', I mean the difference between the Price a consumer pays and the real Costs the owner paid, including any wages. I guess I'm talking about "Economic Profit" "" Economic profit does not occur in perfect competition in long run equilibrium; if it did, there would be an incentive for new firms to enter the industry, aided by a lack of barriers to entry until there was no longer any profit. "" -- http://en.wikipedia.org/wiki/Profit_(economics) Venture Capitalists will need a new strategy because corporate 'earnings' approach zero as competition between workers is increased. By 'competition' I mean any worker who qualifies to operate the Sources (as determined by that exact group of co-owners) can instantly begin work because every one of us can learn to milk cattle or raise bees or cook meals and then signup to do so if that is a job we want to try for a while.