RE: Shark Tank
April 24, 2019 at 2:29 pm
(This post was last modified: April 24, 2019 at 2:34 pm by Brian37.)
(April 24, 2019 at 2:21 pm)Homeless Nutter Wrote:(April 24, 2019 at 7:55 am)Brian37 Wrote: Is that show where several billionaires consider potential investments in upstart companies.
Now again, I am not against the private sector but sometimes I run into what simply amounts to sheer greed.
So these two guys in one episode made these stupid fucking looking fake fur animal hats, and I mean Trump tower gaudy. Marketed to the Aspin skiers/snow borders crowd. But not even that bothered me. One of the guys was asked how much it cost to make, he responded "$29 per unit, but we sell it for $99."
That, that right there is the fucking problem. Not the making the profit, but the outrageous gap between cost and charge. [...]
Lol... You've only just found out about capitalism? Nike sneakers cost about as much to produce as those hats and sell for $200 - and to a much larger market, than a few rich kids on skiing holidays.
A small company selling a hat for 3 times the production costs is not really that outrageous. I don't know the details of the business, but if they're not selling massive numbers, they need to make quite a lot more on each, than a huge corporation would, in order to offset all the other costs. That's why Walmart has lower profit margins - and thus lower prices - than small retail stores.
Has to do with greed, not capitalism itself.
I am tired of everyone confusing "capitalism" as a form of government. Of course Nike is going t charge what they think they can get away with. NO KIDDING. But there still is no way to end private business ownership on a planet of 7 billion. The best you can do is prevent monopolies and put a leash on greed. What makes you think I don't have a problem with what Nike charges for shoes, that is bullshit too.
That does not mean I want to end all private business ownership.
I am saying the world needs an attitude change, not calling for the end of private business ownership.
The bigger you get the more complicated it gets, the more of a blob you become and you end up with an impractical goal of growing just to grow.
One can look at the global market like this... Right now, global corporate greed at the top is a lot like eating all three meals at the same time, when what is more manageable is splitting the meals up, and eating smaller portions.
FB and Twitter are prime examples of abuse because they are too big to manage pragmatically. There was a day in America that when a business got too big, it got broken up so that if part of it failed, the entire thing would not cause a catastrophic ripple.
