18-03-14, 09:52 PM
(17-03-14, 10:01 PM)mtread link Wrote: And someone else will have had to have made that motorboat, providing employment.....
This isn't a 'capitalism v socialism' issue, it's basic economics. Nothing wrong with capital being reinvested, that's the point of it. But as I said, to maximise capital you have to either sell at a higher price, increase production and therefore demand, or reduce costs. Unfortunately, the latter seems to be in fashion. Hence the need for unions.
That's NOT basic economics. You increase production to suit an increase in demand. Increasing production does not create demand.