Free market capital does not mean PRICE will go up or down based on simple demand-supply dynamics. As if you didnt know that already. Free market capital also means QUALITY, DESIGN, INNOVATION, EXPANSION (duplication), VOLUME, likeliness of CONTINUITY will also go up or down. It is assumed by socialist thinking consumers (and most people in the free market are socialists) that if they refuse to give in to a premium or price a seller deems reasonable they will help bring down the market price. Boycott that stall because they are selling expensive type of bully mentality. The idea is to bully the industrious capitalist so the non-value adding socialist wins. I grew up believing that some sellers intentionally sell at a high price to rip us off. Then I finally grew up and realized no one goes into business trying to rip honest people off. However there will be people going into business to fill in the vacuum created when genuine sellers boycott and refuse to supply at a loss. They go into business offering the lowest price to rip consumers of quality and rip other market players of growth. What I believe in and teach about business in general goes against decades of reading CAPs newspapers and publications since I was a child. Ethics and integrity is so important to me that I refuse to interact with unethical and dishonest consumers. I believe dishonest or greedy people do deserve to get scammed. (I have been given to greed and got scammed before. It was so funny it became a long-runnning family joke.) When I became my own thinking person I realized I was being fed bullshit by CAP and most people complaining about price goes up but salary doesnt go up. Without a more honest understanding of how business really works in the street outside of an MBA program it is assumed consumers decide how the market flows (to their favor). Nope. Entrepreneurs can decide how the market flows too. (to their favor). They can decide to quit or not play. Consider the fact that the only people creating wealth or adding value and innovation, creating the surplus required to build infrastructures thus leading to safety, health, quality of life - THE ONLY PEOPLE capable of moving humanity forward are entrepreneurs - from the small time hawker and petty trader to the serial developer. It is not investors that create wealth - be it real-estate investors or investors in stock. Without value backing up derivatives there would be nothing to invest in and no further wealth created. When consumers try and kill the entrepreneur and business people by boycotting them or refusing to spend 2 things will happen and in sequence : 1. The most honest, ethical,highest value-adding entrepreneurs will choose to stop playing. These engines of the world will simply refuse to participate in a market where consumers and government bully them whether out of spite or out of misinformation created by people like S.M. Mohammed Idris. 2. Once these players quit the market the black hats will assume their place making consumers believe they are now getting the same thing for a much lower price. The rip-offs cannot create a domino effect of wealth because they operate by cutting off each other in price wars. They compete SOLELY on price. There is no intention to channel surplus wealth and profits into innovation, creating higher-value adding jobs, training, etc. The reason why wages dont go up is your fault. You want to do the least work possible, pay the lowest price for things and force white hats to become grey hats - either selling less superior innovations or go out of business. Grey hats will learn to adapt and give you what you are only willing to pay for and have no incentive to be more passionate about improving quality and innovation or consciously adding value to the chain. By choosing to pay based only on price consumers push out the innovators and sincere entrepreneurs who go into business to solve problems and instead invite the manipulators who will take advantage of the vacuum created between existing utility demand but unwillingness to supply at that price. In simple English - people who are ONLY INTERESTED in profit and NOTHING ELSE such as fake infant formula producers will be able to enter the market because credible companies will be squeezed out of business or into a compromised position. Conclusion : Does it mean you should be a sucker and pay the highest price? No. Just be an honest person. Be honest about the value that you are getting. Get your freebies and discounts because you give people business. Occasionally ( I didnt say always) pay full price for items that you want instead of only buying during a sale. Negotiate because you want a win-win situation not because you are a bargain hunter. There is a world of difference between bargaining and negotiating - but you already know that.
Posted on: Thu, 06 Nov 2014 02:24:34 +0000
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