+1. I have a friend who has had well paid but non-business employment his whole life. The crazy ideas he has about those evil capitalist cabals remind me of the most fevered Mother Jones articles of the 70s.
Ha
I've run into a few people like that. One a friend of mine, one on an older forum I used to frequent.
On the forum, this guy was ranting back a few years ago when gas hit $4/gallon. He'd say
"Now that they know they can charge $4 and people will just keep buying it - what's next? $5, 6$,...." and then he'd just go ballistic about the evil capitalists...
He didn't seem to get my satire, when I said something like
" Sure, one day in the limo to work, the CEO of Exon said to the driver - James, I just had a brilliant idea, why don't we charge $4 a gallon, we'll make a fortune!"
My friend forwarded that stupid email about boycotting certain gas stations, which would supposedly 'force' them to lower their price.
Well, at least he seemed to understand my little Econ 101 lesson when I explained it to him (total demand did not change, supply is now limited, prices would go UP if you could actually pull this off!). But then he retaliated - but when the prices go up, why does the station need to raise prices on the gas they already have in their tanks! There oughta be a law!
For the same reason the price of a stock goes up when there is news that they
anticipate higher earnings. I think that one went over his head though. Oh well, he really just wanted to rant anyhow!
-ERD50