A secondary goal within the freemarket system requires producing a sellable product. It's part of the demad of supply & demand. If an industry is unable to produce aproduct at a price the market can actually afford, there is no demand. If a farmer in Texas is unable to purchase hay for $80 a ton, he may buy it for an icreased price out of the Dakotas, but if that hay is to expensive, he will simply start selling off livestock. I don't know if Dave2 is a socialist, communist or simply a capitalist. To be honest, it doesn't matter, as the concept that goods and services do not have a market if the cost is greater than the market can support is common to all three methods of view economics. How many times have we heard economist speaking about the current unemployment refer to the high cost of government regulation driving up the cost of doing business. Those making these claims are considered firm hard capitalist. If the farmer in Texas were to pay $200 for hay, as opposed to $80, how much would he need to sell his beef for inorder to make any profit? The market can only absorb so much increase in Beef, before people stop buying it. Taking as a whole JD, I don't think his remarks would call into question whether he is a socialist. There is no more capitalist a veiw than to watch out for high cost with low returns.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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