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Thread: Venezuela to toughen price controls, set profits

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    Re: Venezuela to toughen price controls, set profits

    Quote Originally Posted by j-mac View Post
    What would you think would make life better for the poor in Venezuela, and what policies, government, and private fixes could be put into place to make things work better for the average person there?
    Easy, an open free economy not dominated by individuals and a society where everyone has a chance. Now getting there is not easy when you have a history of the total opposite.
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    Re: Venezuela to toughen price controls, set profits

    Quote Originally Posted by j-mac View Post
    Do you understand why diamonds are the price they are? This may help...Although DeBeers has a part to play, the sheer amount of hands the finished product has to go through to get to your local Zales store, is amazing that they don't cost more.
    I'm not talking about the Hope Diamond or the French Blue. I am actually talking about what you'd find at your local Zales store. There is only one reason why those diamonds are many times the cost of some of the rarest gemstones in the world and that reason is DeBeers. The so-called "law" of supply and demand that is the "free market" is much looser than a lot of people think. What makes the price of a television increase after Black Friday? What made it decrease in the first place?

    We also have things such as patents which block entry to cheaper and competing products into the marketplace. We live in a market primarily controlled by corporate manipulation of both supply and demand. Consumers don't really have any input into the price of a product and the "free market" is all smoke and mirrors. The "free market" doesn't decide to stockpile huge quantities of diamonds and artificially increase their value by restricting the supply available on the market; DeBeers does. If it really were a "free market" then those stockpiles would factor into the price.
    Last edited by Napoleon; 11-11-13 at 02:53 PM.

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    Re: Venezuela to toughen price controls, set profits

    Quote Originally Posted by Napoleon View Post
    I'm not talking about the Hope Diamond or the French Blue. I am actually talking about what you'd find at your local Zales store. There is only one reason why those diamonds are many times the cost of some of the rarest gemstones in the world and that reason is DeBeers. The so-called "law" of supply and demand that is the "free market" is much looser than a lot of people think. What makes the price of a television increase after Black Friday? What made it decrease in the first place? We also have things such as patents which block entry to cheaper and competing products into the marketplace. We live in a market primarily controlled by corporate manipulation of both supply and demand. Consumers don't really decide anything anymore and the "free market" is all smoke and mirrors.
    And if corporations are so bad, can you tell me what would happen say in the diamond industry, if corporations suddenly disappeared from the landscape?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Venezuela to toughen price controls, set profits

    Quote Originally Posted by PeteEU View Post
    Easy, an open free economy not dominated by individuals and a society where everyone has a chance. Now getting there is not easy when you have a history of the total opposite.
    An 'open, and free market' as you describe it, would have to ensure that the people are freed from socialism no?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Venezuela to toughen price controls, set profits

    Quote Originally Posted by j-mac View Post
    And if corporations are so bad, can you tell me what would happen say in the diamond industry, if corporations suddenly disappeared from the landscape?
    Well, in this case, folks would realise it's all been a scam and that diamonds are about as scarce as dirt (as in not at all). The market for diamonds as anything but a cheap stone or industrial uses would be over. I'd imagine those who paid top dollar for stones that are really quite common would be rather pissed.

    But I really don't see what this has to do with Venezuela's current situation. It's all about their dependence on one industry that goes through boom and bust cycles and will eventually disappear. Right now they're feeling a bit of a pinch and instead of reacting by putting a little sanity into funding their society they're going after people who supply goods. That will yield a negative result every time.
    Last edited by clownboy; 11-11-13 at 03:02 PM.

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    Re: Venezuela to toughen price controls, set profits

    Quote Originally Posted by j-mac View Post
    And if corporations are so bad, can you tell me what would happen say in the diamond industry, if corporations suddenly disappeared from the landscape?
    People probably wouldn't waste their money on a grossly overpriced common gemstone, but no one is talking about the eradication of corporations. Corporations tend to be bad, yes, but that is what the State is for. The "free market" can't stop the formation of a multi-national price gouging virtual monopoly like DeBeers, but the State can.

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    Re: Venezuela to toughen price controls, set profits

    Quote Originally Posted by j-mac View Post
    An 'open, and free market' as you describe it, would have to ensure that the people are freed from socialism no?
    Not at all... of course it depends what you think "socialism" is.
    PeteEU

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    Re: Venezuela to toughen price controls, set profits

    Essential goods should not be priced out of reach of the average citizen, assuming they have jobs.
    Problem is what we deem essential, and the reduced amount of jobs available. Some of our recently lost jobs are never coming back.

    Our poor in the USA live better than most of the world, and a large percentage of them do nothing to earn or deserve it. Too many think of their welfare checks as an entitlement. We are already well on the way to a United Kingdom life style.
    Oracle of Utah
    Truth rings hollow in empty heads.

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    Re: Venezuela to toughen price controls, set profits

    Quote Originally Posted by PeteEU View Post
    Not at all... of course it depends what you think "socialism" is.
    As in what aspect?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Venezuela to toughen price controls, set profits

    Quote Originally Posted by j-mac View Post
    As in what aspect?
    Hey you are the one saying they have to be "freed from socialism".. so you have to define it.
    PeteEU

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