[eg] bill gates [bg] does what everyone does: decides to do smthg & does it - some decide to build hotrods, climb mountains, breed horses, become a secretary, invent, study - bg spends no more hrs working than billions of others - he uses his natural gifts - like everyone - he works no harder/hr than billions - he does what everyone does: work using whatever nature's gifts they have - true?
besides, we KNOW that the spectacular profits are due to difference between costs & prices - we know that costs include all pay for all work, including bg's work [incl his study] - therefore we know that profits have nothing to do anyone's input - the profits are caused by scarcity, ratio of demand & supply [before the 'invisible hand' lowers the prices], ie, customers giving more [money, ie, their wrk] than they get [total wrkinput in product] - ie price [buyer's wrk] = costs [product total wrk] + profits = fairexchangenorobbery + robbery = richgetricheretc = injustice violence nuclear extinction
2006-10-16
12:38:35
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4 answers
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asked by
Anonymous
in
Economics