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Post by And Kevin 2024 on Aug 23, 2023 23:03:28 GMT
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costs
Aug 23, 2023 23:05:53 GMT
Post by And Kevin 2024 on Aug 23, 2023 23:05:53 GMT
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Post by Retread-Retired-Cameron on Aug 24, 2023 0:52:20 GMT
Think back to the time of the Luddites: a small-minded Luddite resisting progress due to opposing progress or technological innovation is usually what first comes to mind. As far as I recall the Luddites weren't so much against progress as they were against being put out of work and thrust into poverty in order for the already wealthy to get wealthier.
Capitalism and Free Market Systems weren't originally set up to benefit society as a whole, only to benefit those who already had money and power or those with the right connections.
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costs
Aug 24, 2023 23:27:36 GMT
Post by And Kevin 2024 on Aug 24, 2023 23:27:36 GMT
Think back to the time of the Luddites: a small-minded Luddite resisting progress due to opposing progress or technological innovation is usually what first comes to mind. As far as I recall the Luddites weren't so much against progress as they were against being put out of work and thrust into poverty in order for the already wealthy to get wealthier. It's usually the same all the time. England, where the Luddites were, is typical of how British industrialists think. Replace 10 people with one machine. Machine normally pays for itself within 2 years, so then profits increase greatly, prices never go down due to savings. Whereas in places like Japan, they give each worker one of those machines. In the UK it's often always the same when trying to get investment. It's easier to make money out of money than out of industry, so often things invented here often have to go overseas to get investment. And of course the multitude of places here that closed down as production moved to China. Profit is god.
It's perhaps ironic that the now very rich China now seems to be buying up most Western industry.Capitalism and Free Market Systems weren't originally set up to benefit society as a whole, only to benefit those who already had money and power or those with the right connections. Over the last two years companies big and small have been moaning of increasing costs, so retail prices increase "we have no choice ...". And not long after they are announcing larger profits.
An interesting thing happened in the UK. The German supermarket giants ALDI and Lidl moved in. Outlets popping up like mushrooms. Good quality items for far far less than the big British supermarkets. How can they do it? Simple. Family owned businesses, no shareholders expecting a good pay out.
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