Marketplace Archives - Granite Grok

Marketplace

Grayscale Photo of People at Market by Danilo Ugaddan Pexels Free to use

Notable Quote – Consumers Determine the Marketplace

Socialists and Democrats (but I repeat myself) always lambast Big Business as the Evil component of capitalism.  They forget: On the market of a capitalistic society the common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality. Those shops and plants …

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Capitalism

Notable Quote – Don’t Let Socialists Define What Capitalism (As in “Greedy Corporations” and Profiteers)

Achieving profits is a condition of survival. Consumers leave no alternative for producers. If the products don’t satisfy consumers, producers won’t cover costs and won’t survive. The drive for profits is compelled by consumer preferences for better or more economically produced goods. Over time, competition displaces less satisfactorily performing producers – those who don’t earn …

Notable Quote – Don’t Let Socialists Define What Capitalism (As in “Greedy Corporations” and Profiteers) Read More »

“…costs Gilford $95 per ton for trash removal and $235 per ton for “recyclables”

I’m writing this follow up letter on the eve of the new Gilford Solid Waste Center’s opening. After my last letter, Town Administrator Scott Dunn found my email address and sent me a sheaf of material on the subject. Unfortunately, I feel that I understand the situation even less now. Mr. Dunn confirmed my statement …

“…costs Gilford $95 per ton for trash removal and $235 per ton for “recyclables” Read More »

Quotes

Notable Quote – Ronald Coase and Ning Wang

Markets provide a platform through which firms compete for both resources and customers. How effectively firms perform these tasks depends primarily on how open the markets are, including the markets for factors and products, and how freely firms can be created and compete with each other. Essentially, firms’ effectiveness depends on how smoothly and quickly …

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