There have been a lot of equipment manufactures getting bought out lately it seems. Hope we don't end up with a bunch of greedy monopolies. I guess if that happens I will only buy used which is usually what I do anyway.
Sorry, I can't help myself here. The sentence " Hope we don't end up with a bunch of greedy monopolies" cracked me up. :laughing: Have you thought about that sentence since you posted it? I thought monopoly meant single, or one. How is it possible to have a bunch of them? I do get the point you are trying to make though. I just thought it was pretty funny.
I guess I didn't think that through. I meant 1 monopoly for lawn mowers and another for chainsaws and another for string trimmers and another for generators ...ect. :thumbsup: Then maybe Wal-Mart will buy them all out? :laughing: Then we will all be going to the Wal-Mart dealership/supercenter :thumbdown:
'Oligopoly' is the situation where there are few suppliers in a market, such as the auto or airline industry. In some ways it's good for the consumer. Think of the problem of replacement parts if there were 10,000 auto brands.
Being able to afford to pay more for goods does not mean that one should, simply because they can 'afford' it. Every dollar spent unnecessarily on one good, is a dollar that can't be spent elsewhere. If acting in one's own financial self-interest is greed, then everybody is guilty of it, from the wealthiest person on the planet to the lowest bum in the gutter.
Every financial transaction transaction that takes place between two parties in a free market is a win/win for both. Both have decided they can do without whatever it is they're trading more than what they're getting in return, or the deal would not take place. The buyer decides he would rather have the seller's goods than his money; the seller decides he would rather have the buyer's money instead of his goods. Whether they 'like' the deal they made is irrelevant; they still voluntarily made it.
Take note that when the government forces its citizens to buy something, that is not a free-market transaction.
The Free Market may very well be a myth in Australia; I wouldn't know.
But here in the States, with the exception of our health care system, it is alive and well, in spite of those who try to stop it.
So the Iowa corn farmers get no money from the government which would artificially alter the price of corn ?
And this money that the government does not give to the farmers did not come from taxes which did not alter the price or availability of some commodity or benifit to some other sector of the community ?
The new casting plant being built in Mitichigan for GM funded by a "loan" from the Obarma government $4.3 billion from memory but I would have to go through some back issues of the Americian Foundryman to check the actual number as it was 6 years ago the story broke.
So the USA allows any product to be imported without Free Market skewing import duties being applied ?
Don't tell that to the Cuban cigar makers.
And of course there is no such thing as advertising trying to pevert your values or alter your perception of what you buy is worth ?
and of course in a "Free Market" both parties are fully aware.
Did all the people who bought the Ford (Pintara ?) with the plastic fuel tank which split and incinerated a few hundred families know about the fuel tank before they made the decision to buy that particular car ?
There is no such thing as a "Free Market" anywhere in the world in any product between any two people.
It is a myth simplified so that the basics of economic theory can be taught to 15 year old economics & commerce students as happend to myself.
However by the time I was 18 my teachers had also shown us that a truly "Free Market" did not exist but it was the best tool available to try & understand what was happening.
However if you really want to religiously believe that you have a "Free Market Economy" then you will hear no more about it from me as I never attempt to alter some ones religious beliefs.
Economics is neither religious nor political. But if someone is offended by that, go ahead and delete my posts.
According to what I found with a little searching there was $84 billion in corn subsidies and $12 billion in direct payments to farmers from 1995-2012. That doesn't include other subsides such as cotton.
One farmer that I had found had received $3.6 million is government subsidies from 1995-2012
The Free Market may very well be a myth in Australia; I wouldn't know.
But here in the States, with the exception of our health care system, it is alive and well, in spite of those who try to stop it.
I'm suspicious of just how true that statement is. Adam Smith in originally discussing the principles of a free market argued that a market would regulate itself when both the seller and buyer could enter and exit the market with minimum costs and interference. I do not think he could have imagined a market-place where the cost of entry (both financial and in terms of regulation) was as high for the seller as many of the markets today (it's not likely that I can compete with the Briggs and Stratton group by making zero-turn mowers in my garage to sell). I don't mean to advocate for something else but the statement that the US operates in a truly free-market is highly suspect.
Have you not made any free market purchases lately? Have you not bought or sold a good or service from someone off of, say, craigslist, in which you two arrived at a mutually agreed upon price?
What kind of market is that, if not free?
I'm not getting the connection that, because you personally can't open up a business that will be competitive with Briggs and Stratton, that the market is 'rigged.' Nowhere in any economics book will you find a definition of 'Free Market' which insists that any person, no matter how poor, should be able to open a business and compete with all businesses in that field, no matter what size those businesses may be. But there are examples of it happening if you care to look. Southwest Airlines, Apple, Microsoft and Walmart come to mind.
You're right in that government interference is a factor. But the market forces are alive and well and many startups succeed in spite of the government. Government interference rarely affects personal transactions which is where a HUGE portion of the economy takes place.
I never buy anything that is made in china, I only buy USA, Germany and England...in that order. I believe in quality not quantity and I never buy from companies who only focus on profits above consumer.
I have a older car with over 200,000 miles on it that I drive everyday. I don't like spending money on repairs but a car what is 18 years old with that many miles has its problems. When ever I need parts for it I find that the Chinese parts are a lot cheaper. To my surprise I find then of very high quality and last as long as the more expensive parts. I also find salvage yard pick and pull parts is a good source of cheap parts.
I have a older car with over 200,000 miles on it that I drive everyday. I don't like spending money on repairs but a car what is 18 years old with that many miles has its problems. When ever I need parts for it I find that the Chinese parts are a lot cheaper. To my surprise I find then of very high quality and last as long as the more expensive parts. I also find salvage yard pick and pull parts is a good source of cheap parts.
More companies are merging ............ What do YOU think .....???
Generac buys DR Power Equipment | TodaysMower.com
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