Truckers strike

   / Truckers strike #32  
TomOfTarsus said:
Jsharp:

You win the thread! That's about as precise a description as you can get. Now, about a remedy...:confused:

Well, the root problems are not economic they're political and center around a lack of leadership. Short of peasants with torches I'm not sure how that'll change... :(
 
   / Truckers strike #33  
JSharp said:
Well, the root problems are not economic they're political and center around a lack of leadership. Short of peasants with torches I'm not sure how that'll change... :(

Tell me more about this option....

:) ;) :) ;) :D
 
   / Truckers strike #34  
JSharp said:
" A market form in which a market or industry is dominated by a small number of sellers (oligopolists).

Take any 2, or more, businesses who each produce the same product from the same raw materials, how much difference in the final selling price can there be?

Absent sales or the use of coupons, configure almost any of the following products with the same options, of the same quality, how far apart will the selling prices be? Probably not far.

PCs
PC Memory
PC hard drives
Groceries

Similar selling prices is not proof of collusion.
 
   / Truckers strike #35  
I'm thinking maybe the "peasants without torches" is the way to go now. By that, I mean, as much as possible, don't burn fuel or natural gas or propane or whatever it is you use.

Go past tightwad to vindictive. The only way these people will learn is when they run out of places to put the stuff and have to start cutting production and contemplating layoffs. Write your congressman or senator and tell them you are going to postpone your travel plans (or whatever else you conservation plans ensue), not only because of the cost, but to protest the oligarchy.

The neat thing about folks like us - when times get tough, we can get tougher. We'll plant a garden when the produce goes out of reach at the store, we'll stay home when gas prices go through the roof, we'll chop wood, pull on sweaters, add insulation, etc, when heating prices reach confiscatory levels. (I don't want to see produce farmers go under, but when the price of a head of lettuce is goverened more by transportation and fuel than what the farmer gets for all his hard labor, something has to be done.)

In the big market crashes, it isn't folks like us jumping out the windows, it's the fat cats. We need to show them that we can throw the economy into a recession, and that they will be the losers, not us. And if your neighbor is getting hurt by all this, help him through.

I don't want to see government controls*, they could screw up a 1 car funeral, but until someone gets the idea that with big profits comes big responsibility, we have to, as much as possible, deny them the big profits.

Later,

Tom

* Politics, n, fr. Greek, "poly" - many, + "tics", ugly, blood-sucking parasites.
 
   / Truckers strike #36  
(Cross-posted with MikePA)

Agreed, Mike, but in the case of the computer products you're talking vicious competition among many manufacturers both here and abroad. Profit margins are often razor thin. Productivity increases and innovation are prized and can make or break a company.

I'll admit that as this market matures and competitors get weeded out, "oligarchichal" gruops could form - but as long as there's at least AMD in Intel's rear-view mirror (for example), it tends to keep things tight. Look at the massive improvement in computing hardware (I'll leave software out of this... :mad: ) over the last few decades.

But oil isn't like that. Oil is oil. They might put a lot of research into additives, but the gas you use today isn't too much different from what went into your father's Oldsmobile. And what the oil companies are doing is pricing what they think the market will bear (no problem with that, I'm a capitalist), but they are all looking at each other to do it, it would seem. Profits that large should prompt one of them to try to grab a bigger market share by lowering prices (competition, the other side of capitalism), but it isn't happening - hence the thoughts of collusion.

ETA: **** EEEK! My 100th post! Ain't I special!!! :D **** (toddles off to book a brass band)
 
   / Truckers strike #37  
MikePA said:
Take any 2, or more, businesses who each produce the same product from the same raw materials, how much difference in the final selling price can there be?

Absent sales or the use of coupons, configure almost any of the following products with the same options, of the same quality, how far apart will the selling prices be? Probably not far.

PCs
PC Memory
PC hard drives
Groceries

Similar selling prices is not proof of collusion.

No, it's not proof of collusion. It's just more likely when their are fewer companies.

It gets worse with fuels since the product sold by each company is so similar. Similar enough to be considered identical. At least in the cases you mentioned there is some possibility of convincing customers that your product really is different than your competitors.

The market for those products is also substantially more flexible than the market for fuel.
 

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