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To: Carry_Okie
Until you pay for both the product and that information, there is no sale and the product remains the property of the vendor.

You're talking nonsense and using a lot of words to do it. A couple of the requirements of a free market are that both the sellers and buyers have perfect knowledge as to product and price. Information must be available to all participants.

That's a requirement of a free market along with many others. To the extent that participants choose to deviate from it, they are moving towards some sort of market rigged to the advantage of some participants at the expense of others.

Unreal that you can't grasp the simple, free market concept that all buyers and sellers should have knowledge of the product and price, and that they either agree on a deal, or they don't. You're advocating something, but you're not advocating a free market. You want to restrict access to the knowledge of the products offered, and so do the big ag corporations. They want to withhold certain information because they know some consumers will not buy GMO food.

This from Wiki on Free Markets:

Perfect information - All consumers and producers are assumed to have perfect knowledge of price, utility, quality and production methods of products.

And it's not just in Wiki. I learned it a few decades back in college econ courses.

18 posted on 09/24/2012 8:18:46 PM PDT by Will88
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To: Will88
Until you pay for both the product and that information, there is no sale and the product remains the property of the vendor.

And you've not only aligned yourself with Stalin and Mao, but also with Nancy Pelosi. Remember: "You'll have to pass the bill to find out what's in it"?

19 posted on 09/24/2012 8:27:26 PM PDT by Will88
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To: Will88
A couple of the requirements of a free market are that both the sellers and buyers have perfect knowledge as to product and price.

That is not a free market. In economics, it is a "perfect competition" model, a progressivist idea. Nice try.

That's a requirement of a free market along with many others.

Nonsense. You don't know what the paint formulation in your car is. You don't know what the plasticizers are. Nor do you know about how the accelerometers for your airbags work. You are full of it. You don't know how a free market works.

To the extent that participants choose to deviate from it, they are moving towards some sort of market rigged to the advantage of some participants at the expense of others.

Now you're sounding like a full blown Marxist instead of the Fabian socialist. You do know that your hero Teddy Roosevelt brought in his trustbusting game to the benefit of JP Morgan at the expense of Rockefeller? You do know that regulations exist to benefit the big players at the expense of their smaller competition? As I said, in a free enterprise system, there are plenty of ways to assure whatever you want to pay for.

Unreal that you can't grasp the simple, free market concept that all buyers and sellers should have knowledge of the product and price,

What you are talking about is physically impossible in practice, which is why it's called "perfect." In other words, what you are proposing as normal is in fact "unreal."

Perfect information - All consumers and producers are assumed to have perfect knowledge of price, utility, quality and production methods of products.

You just contradicted yourself, BTW, see if you can figure out why. And who enforces this wondrous idea if it isn't the almighty collective? That's why it is a socialist idea, and not at all conservative. Go peddle it where it will be appreciated.

22 posted on 09/24/2012 10:04:09 PM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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