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To: REDWOOD99; hinckley buzzard
I don’t think you know how the crab market works.
Sure I do, it's called a conspiracy or collusion.
Fishermen(supply) and processors(demand) reaching a strike price for a good seems to me to be the very essence of a free market system in action.
Sounds good except Fishermen(supply) didn't know what processors(demand) was/is untill the price was agreed to...not only that, processors(demand) had/has no idea what the Fishermen(supply) is going to be...

Sorry, supply and demand doesn't determine price in the crab market...it's a lie.

Since the price was determined before the boats left the harbor it sounds like the next time I see crab on my menu the words "market price" won't be there...The price was determined before the fishing boat's motors started.

30 posted on 11/29/2011 9:40:47 PM PST by lewislynn ( What does the global warming movement and the Fairtax movement have in commom? Misinformation)
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To: lewislynn

So the crab should be caught and sold to highest bidder at the dock?


31 posted on 11/29/2011 9:53:53 PM PST by REDWOOD99 ("Everyone should pay taxes. Everyone should pay the same rate.)
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