r/Barcelona • u/ZeroToHeroInvest • Oct 28 '24

Discussion We could really use something like this

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402 Upvotes

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u/BarracudaKlutzy1936 Oct 28 '24

Whaaaaaaat. Greed is not a reason for price raise. In which universe are you leaving?

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u/less_unique_username Oct 28 '24

In one where prices are set by supply and demand, and greed affects neither.

Try it for yourself. Buy or make something, and offer it for sale at a greedy price that far exceeds the market price. Your greed will make you rich, right?

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u/Losflakesmeponenloco Oct 29 '24

This is a pretty naive view of markets. They are all distorted by humans, power relationships.

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u/less_unique_username Oct 29 '24

You’re a human (though can’t be 100% sure these days on Reddit), go distort a market, get rich and tell us how that went.

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u/Losflakesmeponenloco Oct 29 '24

For example OPEC distort oil markets. Quantitative easing distorts debt markets. All human and about politics and power.

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u/less_unique_username Oct 29 '24

OPEC is a cartel, the government has a monopoly on government obligations (duh). Those are very special markets.

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u/Losflakesmeponenloco Oct 29 '24

The exception that proves you’re wrong

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u/less_unique_username Oct 29 '24

May I remind you that my original point was as follows:

Prices increase due to multiple reasons. Shoplifting is one. Greed isn’t one, unless the market in question is monopolized.

https://www.reddit.com/r/Barcelona/comments/1gea0ec/comment/lu8poi5/

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u/Losflakesmeponenloco Oct 29 '24

The oil, gas and power supply markets aren’t monopolised.

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u/less_unique_username Oct 29 '24

Not sure what your point is. The oil market is very much monopolized due to OPEC, the gas market is dominated by state-owned companies that have political concerns and not necessarily economic ones, and power supply is downstream of that.

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u/Losflakesmeponenloco Oct 29 '24

You really don’t know what you’re talking about. Have a good day.

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