On Wednesday 25 Jun 2003 4:27 am, Ekky wrote: > can anyone show me that there is an accumulation of un-purchased goods in > the world? Also, are there any statistics to show that the proportion of > �unemployed� is any greater now than, say, the period immediately before > the Industrial Revolution? (Jessop). Just a couple of examples: > In the EEC there used to be big agricultural surpluses. This produce was > bought up by the governments and stored in vast refrigeration halls etc.. > to keep prices at the check-out high. Now attempts are made to > pay/subsidize farmers to leave fields lying fallow, or money is paid to > them for not using artificial fertilizers. A trade union friend told me > already a decade ago that there was twice the capacity to produce cars than > what could be sold. Down the road from where I lived was a railway yard > storing thousands of imported small Italian Fiat cars for years until they > rusted. Sometimes strikes in the car industry are the only time when such > overproduction halts for a while. ----------------------------
Does the stock-pile of Fiats in a railway yard necessarily imply shortage of buying power, or can it merely reveal an over-estimation of the potential market? I have noticed here that when one person produces a successful line, twenty others immediately jump in and overcrowed the market. I�m not an �unbeliever� when it comes to the imballance between Price and Demand (purchasing power), but we do need to avoid things that can be contradicted. When all those have been eliminated, we may have a convincing argument. Jessop. ------------------- ==^================================================================ This email was sent to: [EMAIL PROTECTED] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html ==^================================================================
