Random Thought of the Day

Quote: kenarman

Maybe it is Nareed's mom?

Maybe it is Nareed!

American leaders were not looking out for this country when they allowed so much exportation of our manufacturing base, that we can't even manufacture simple masks for our citizens. We can't make our own medicines, and can't even come up with enough American made stuff to make our own fighter planes.

These politicians do not represent the people of this country.

Quote: petroglyph

American leaders were not looking out for this country when they allowed so much exportation of our manufacturing base, that we can't even manufacture simple masks for our citizens. We can't make our own medicines, and can't even come up with enough American made stuff to make our own fighter planes.

These politicians do not represent the people of this country.

I think this has to do with the natural way economies and businesses evolve
Find the cheapest way to manufacture goods to maximize profit
If you don't do it, somebody else will and will put you out of business
Its capitalism

Quote: petroglyph

American leaders were not looking out for this country when they allowed so much exportation of our manufacturing base, that we can't even manufacture simple masks for our citizens. We can't make our own medicines, and can't even come up with enough American made stuff to make our own fighter planes.

These politicians do not represent the people of this country.

Really? Allowed? The only way stop them is to punish foreign manufacturers with tariffs. Because due to unions getting the floor sweeper in the factory $20 an hour here, while in China/Vietnam/etc they do it for $2 an hour, America is just not competitive. Tell me how you want our politicians to force companies to pay 10 times the labor costs and compete?

Quote: terapined

I think this has to do with the natural way economies and businesses evolve
Find the cheapest way to manufacture goods to maximize profit
If you don't do it, somebody else will and will put you out of business
Its capitalism

In capitalism in today's environment with the trump virus, every business that closes is an opportunity for someone else.

Quote: petroglyph

American leaders were not looking out for this country when they allowed so much exportation of our manufacturing base, that we can't even manufacture simple masks for our citizens. We can't make our own medicines, and can't even come up with enough American made stuff to make our own fighter planes.

These politicians do not represent the people of this country.

Rather than this, or Soopoos argument, I think the actual problem is putting so much manufacturing in an unfriendly territory.

China's not really an a horrible enemy, but it's hardly a good ally either.

Quote: Dalex64

In capitalism in today's environment with the trump virus, every business that closes is an opportunity for someone else.

I've tried to get my head around this. So if 1/3 of the restaurants close, then the other 2/3 can raises prices and be MORE profitable? Then people see how profitable a restaurant can be and new ones open up. Now there is more competition and prices come back down. And eventually we have the same number of restaurants we had pre pandemic.

I guess I described Capitalism?

But I think the added COSTS that will be put on businesses might be too much for entire industries, IF they are too onerous. If casinos really have to do the bullshit 3 at a table, close 2/3 of the slot machines, only 1/2 as many people at their pool, no buffets, then I don't think they will be able to be profitable.

Quote: SOOPOO

I've tried to get my head around this. So if 1/3 of the restaurants close, then the other 2/3 can raises prices and be MORE profitable? Then people see how profitable a restaurant can be and new ones open up. Now there is more competition and prices come back down. And eventually we have the same number of restaurants we had pre pandemic.

I guess I described Capitalism?

But I think the added COSTS that will be put on businesses might be too much for entire industries, IF they are too onerous. If casinos really have to do the bullshit 3 at a table, close 2/3 of the slot machines, only 1/2 as many people at their pool, no buffets, then I don't think they will be able to be profitable.

I went to some of floppiest no amenities casinos that existed in Vegas. There is a heck of a lot of amenities fat to cut in the nice casinos.

Restaurants likely have less to give.

Quote: SOOPOO

I've tried to get my head around this. So if 1/3 of the restaurants close, then the other 2/3 can raises prices and be MORE profitable? Then people see how profitable a restaurant can be and new ones open up. Now there is more competition and prices come back down. And eventually we have the same number of restaurants we had pre pandemic.

I guess I described Capitalism?

But I think the added COSTS that will be put on businesses might be too much for entire industries, IF they are too onerous. If casinos really have to do the bullshit 3 at a table, close 2/3 of the slot machines, only 1/2 as many people at their pool, no buffets, then I don't think they will be able to be profitable.

Well, I'm not talking about the size of the market. The replacement business won't be immediate. More like, if someone failed, someone else can come along and do it better, and maybe in similar circumstances they won't fail. I've heard the pro-capitalists here say something like that.