Recently, Donald Trump said Americans are too wealthy and his tariffs will fix it.
Hivebode said, “Yeah, the shelf is open.” Well, maybe the kids have two doll labs of 30 dolls. And perhaps two dolls would cost them a few dollars than they normally would.
Certainly, this kind of thinking has become dominated among Republicans, with Bernie Sanders’ previous regrets regretting that America has too many deodorants and too many shoes.
There is a certain economic logic in this idea of rarity. Returning to the argument made for socialism by Oskar Lange: competition exists to determine how to produce good/service at the most economical cost. At 11, the method is determined, you can create good/service at that cost and sell at that price, resulting in perfect competition. In the perfect competition, there is only one version of the product. All products made in that market are identical – no distinctive properties at all. Conrenance, Socialism (and Trumpism)
Perfect competition is treated as an “ideal” market structure as costs are minimized and price marginal costs are minimized at the lowest point on the average total cost curve. (It should be noted that the Sanders/Trump argument is, like the perfect competitive model, more good is being produced, not for perfect competition.
I argue that the fact that perfect competition is the “ideal type” is an undesirable outcome. Why do one size need to fit everything? People have all kinds of preferences and preferences. Sub-people like pizza pepperoni, sub-people who likes breadth. Sub-people like opera and sub-people like heavy metal music. Subtim wants to do TV shows that make you feel good and subspecies you want something that will upset you. As they say, diversity is the spice of life. But diversity is, in economic terms, imperfect competition. Differentiating products leads to “monopolitan competition.” There, businesses still do not get economic benefits, but the total cost of pig avenge is not economical. According to Sub, imperfect competition is for “market failures” or “unclear markets.” But in reality, it’s a more efficient market. The diverse taste of the people is fulfilled.
I love imperfect competition. It allows you to become you. It’s a disgust for the central planners of the world (your Trump, your Sanders, and your Navarros). Market liberalism means accepting imperfections and celebrating the market rather than making arbitrary decisions about what people should hope for.
