I love the theory of Capitolism.....
How the market rules and the best float to the top, those that fall short are out of business...
The problem is the uneducated consumer....
The most basic example is....
Many consumers see a television ad and are prompted to pay more for an inferror product.
The Company that can misinform the public more rises to the top, the ones that fall short go out of business.
It happens in law all the time... Very good lawyers cant get the clients because the big factories of a law firm go out and scoop up all of the clients with fancy television ads and such...
It happens with vehicles, Lexis produces an inferror vehicle compared to other vehicles in its class. Lexis charges as much or more... but they got a name and in the luxuary car market a name and the cost of a vehicle can be more important than the value of the vehicle itself.
It happens with all types of products, you can come up with countless examples.
How do we correct this so that Capitolism works better?
How the market rules and the best float to the top, those that fall short are out of business...
The problem is the uneducated consumer....
The most basic example is....
Many consumers see a television ad and are prompted to pay more for an inferror product.
The Company that can misinform the public more rises to the top, the ones that fall short go out of business.
It happens in law all the time... Very good lawyers cant get the clients because the big factories of a law firm go out and scoop up all of the clients with fancy television ads and such...
It happens with vehicles, Lexis produces an inferror vehicle compared to other vehicles in its class. Lexis charges as much or more... but they got a name and in the luxuary car market a name and the cost of a vehicle can be more important than the value of the vehicle itself.
It happens with all types of products, you can come up with countless examples.
How do we correct this so that Capitolism works better?