Tag: profits
Who has Walmart shareholders’ wealth?
July 3, 2017 | Post
Many good people condemn the free market system on the mistaken belief that the wealth of the wealthy benefits only the wealthy.
The imperfect assumptions of perfect competition
December 13, 2016 | Post
“I learned in economics that in ‘perfect competition’ profits are zero, so any actual profits come from some kind of monopoly power. So how could profits be good?”