New Technology!

In a market economy where buying cheap and selling high is the path to riches, it would be advantageous to create artificial scarcity so as to keep prices high so as to reap a large profit when what they purchased is sold at a much higher price then what was paid for the purchase.
Under the conditions of concentrated capital, large corporations can very easily control supply and demand. It would be difficult to do so if new “technology” was created that made it possible to increase the supply to the extent that it would force prices so far down that it would become next to impossible to artificially get the prices to go up.
Those that are in charge of our economic life i believe would discourage new technology that would upset their apple cart by having new technology produce massively inside the marketplace.

Advertisements
Explore posts in the same categories: capitalism, dialectics, marxism, materialism, politics, progressiive, socialism, Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s