On 25/11/11 08:22, Michel Bauwens wrote:
> On Fri, Nov 25, 2011 at 12:22 PM, Natalie Golovin <
10natalie@cox.net> wrote:
>> Scarcity of resources and risk-taking play major roles in allocation, and
>> choices become skewed as decisions are controlled by govt policies,
>> religion, culture & personal ethics. Consider the simple example of
>> providing HIV drugs to poor populations. Lengthening lives results in the
>> infection of many more individuals unless the culture �buys in� to
>> prevention like condom use. Profits pay for the returns to risk in bringing
>> a product to market. Once a product successfully hits the street,
>> competitors are encouraged until a dynamic equilibrium is reached and in
>> the long-run profit is roughly equivalent to the interest rate plus
>> depreciation. Today we have nothing close to that due to cartels, monopoly
>> behavior, collusion, FED manipulation of interest rates, insufficient or
>> over-regulation & favoritism etc. etc.,, all now made more complex on a
>> global scale.
>>
>
> we can agree on this ..
are these problems (cartels, monopolies etc.) hindering a well
functioning a profit system, or are they rather problems made by a
profit system?