tag:blogger.com,1999:blog-32841798.post652327976961140512..comments2024-03-28T22:45:51.014+00:00Comments on Capitalists@Work: Deserves Some Kind Of AwardCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-32841798.post-25739775862028041862009-11-16T21:42:02.933+00:002009-11-16T21:42:02.933+00:00It's hard to be sure precisely what they are o...It's hard to be sure precisely what they are on about, <b>Edindie</b> - and there is some monstrous ignorance in play here, evidently: so draw up a sandbag and harken to Old Drew ... <br /><br />I think they mean that OPEC 'set' a price (for crude oil), and the markets were sufficiently illiquid that for a while they could more-or-less make it stick <br /><br />but, ultimately, only because Saudi Arabia was willing to act as 'swing producer', i.e. reduce its output if prices were slipping, or increase it if they were rising<br /><br />(it was only one price for all, however, not differentiated by the wealth or otherwise of the buyer, or any nonsense like that)<br /><br />but the laws of supply and demand cannot be suspended for ever ! and the tensions created by this 'fixed price' resulted in an upsurge in global spot trading, the Brent market etc etc<br /><br />(which also effectively thwarted the embargo on sales to S.Africa)Nick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-9178286924859700032009-11-16T20:47:55.967+00:002009-11-16T20:47:55.967+00:00Us youngsters want to know what did happen in the ...Us youngsters want to know what did happen in the 80s... tell us Nick!Edindienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-42892791724416210462009-11-15T22:45:29.152+00:002009-11-15T22:45:29.152+00:00Perhaps all you do is delete the letter p from spo...Perhaps all you do is delete the letter p from spoof.Ranucknoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-39189270377234697052009-11-15T19:02:09.448+00:002009-11-15T19:02:09.448+00:00Houdini - it will be OK if you are poor; Tescos ar...<b>Houdini</b> - it will be OK if you are poor; Tescos are just like Exxon, always suckers for a sob story<br /><br /><b>EK</b> - can you explain the Tobin tax to Gordon too ?Nick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-79860372152642940502009-11-15T18:47:15.272+00:002009-11-15T18:47:15.272+00:00I've decided that red wine at Tesco should not...I've decided that red wine at Tesco should not be more than 85p, and I am now about to start negotiations with them.<br /><br />How do you think I will get on?Houdinihttps://www.blogger.com/profile/02299827686189026014noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-38742633589435966792009-11-15T18:25:06.121+00:002009-11-15T18:25:06.121+00:00Like Gordoom, socialists blame others when their s...Like Gordoom, socialists blame others when their socialist policies fail. Socialists always say 'that's not my kind of socialism' but only after the failure, never before.Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-21244127656647157792009-11-15T17:11:07.365+00:002009-11-15T17:11:07.365+00:00An economics professor at a local college made a s...An economics professor at a local college made a statement that he had never failed a single student before but had once failed an entire class. <br /><br />That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. <br /><br />The professor then said, "OK, we will have an experiment in this class on socialism. All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A. <br /><br />After the first test, the grades were averaged and everyone got a B. <br /><br />The students who studied hard were upset and the students who studied little were happy. <br /><br />As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little. <br /><br />The second test average was a D! No one was happy. <br /><br />When the 3rd test rolled around, the average was an F. <br /><br /><br />The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else. <br /><br />All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when government takes the reward away, no one will try or want to succeed. <br /><br />Could not be any simpler than that. <br /><br />(HT BoC)Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-3831146006625626262009-11-15T17:09:40.309+00:002009-11-15T17:09:40.309+00:00Socialism applied internationally.
I will now dem...Socialism applied internationally.<br /><br />I will now demonstrate that it doesn't even work in the classroom...Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-75074949431905714702009-11-15T16:16:20.210+00:002009-11-15T16:16:20.210+00:00Ahhh the sound of student socialist bollox, there&...Ahhh the sound of student socialist bollox, there's nothing quite like it.Mitchhttps://www.blogger.com/profile/01024073152949016734noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-25455949118399016772009-11-15T13:52:59.101+00:002009-11-15T13:52:59.101+00:00Well, it may be an utter nonsense, but that only m...Well, it may be an utter nonsense, but that only makes it better than most Guardian stuff.Demetriushttps://www.blogger.com/profile/17198549581667363991noreply@blogger.com