> > how does the free market allocate resources and cash returns? > The free market does not "allocate" cash returns. > The free market > allocates resources (for details, please study basic > economics). > Cash returns are the outcome of an investment. In simple > terms, the > return on investment is a measure of the desirability of a > product or service > and the efficiency of producing it. For example, > Apple's shares had a high > return after the release of the iPods and iPhones, since > Apple was > able to make these products efficiently enough that people > were willing > to pay significantly more for them than it cost Apple to > make them.
> I cannot teach you basic economics on an email list, but if > you are interested I could give you a reading list on the > subject. I already referenced a good book to start with: > http://press.princeton.edu/chapters/s8733.html I'll have to get back to you on the "The Price of Everything". I'm certain that there are benign and malevolent forces that create and sustain economic exploitation, but I do not believe that all is harmony. You evidently believe the system is perfect and refuse to consider the alternatives I was able to reply to your open ended questions designed to put me on the defensive. when I use the same ploy on you your answer was denigrating and condescending. Is it too difficult for you to give even a synoposis? Jon _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
