quote:
To Hillary, the bums that buy cigarettes at gas stations or the people of walmart are more responsible for our great and vibrant markets than people who took risks to create firms that could have failed or succeeded.

With the exception of those who innovate or create new products, producers are replaceable. Consumers are certainly more important. Making that argument may be annoying, but the worship of "job creators" and neglect in acknowledging demand is equally so.

One cannot whine about acknowledging the importance of consumers, while ceaselessly felating producers.

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Posted by constant cough

Lafayette

Member since Jun 2007

44788 posts

Posted on 10/24/14 at 7:37 pm to Zed

quote:
With the exception of those who innovate or create new products, producers are replaceable.

Yeah we can always just send those jobs to china right?

quote:
Consumers are certainly more important. Making that argument may be annoying, but the worship of "job creators" and neglect in acknowledging demand is equally so.

So we'll have demand we just won't have any jobs to where we can have money to buy our Chinese products with.

quote:
One cannot whine about acknowledging the importance of consumers, while ceaselessly felating producers.

Sure we can. You can't consume things without first producing them. That's putting the chicken before the egg.

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Posted by Ace Midnight

Between sanity and madness

Member since Dec 2006

89621 posts

Posted on 10/24/14 at 8:18 pm to Zed

quote:
Consumers are certainly more important.

This is true in the aggregate, but not at the individual level.

For the sake of argument, let's say Coca-Cola's product cannot be replicated. Something happens to the company and it collapses. The product is lost, and demand for soft drinks is likely to dip, although, obviously, Pepsi and the smalls will be there to offer their competing product. I use Coca-Cola, because the product existed before all of its consumers were even born, so the demand could not have created the product.

Compare that to the loss of an individual or even a decent chunk of Coke's customers. Sure, they don't want to lose customers, here and there, but it isn't the end of the world for Coke (or Pepsi) for that matter.

But, if nobody wanted Coca-Cola's products, they would disappear from the marketplace due to lack of demand.

Now that we're in this - this is a much better philosophical postulate than chicken or egg.

This post was edited on 10/24/14 at 8:20 pm

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Posted by the808bass