Sunday, July 24, 2011

Video clip of the day

Would you give up the internet for the rest of your life for one million dollars?

If not, for what amount would you give it up?

Oh, and let's hear it for the rich who purchase technology way before the rest of us and thus subsidize that technology's maturation and advancement so that the rest of us can purchase that more reliable and user-friendly technology later on when the cost has come down. Think: that $4,000 brick Michael Douglas was chugging around in Wall Street.

Capitalism has a built-in wealth transfer system of its own. We don't buy much until the filthy rich try it our first.

Things get better because in order for me to succeed I have to pay attention to your needs and wants, I have to create a product that you will voluntarily buy, so I cannot make myself better off apart from making you better off as well.

Capitalism (paradoxically) maximizes social welfare.

Exit question: Who's the babe?

We welcome all musings and answers to the questions posed above in the comments seciton.

1 comment:

SarahB said...

faaaaaaaaaaaaaaaaaantastic video!