Unadulterated Arrogance

Saturday, August 21, 2004

Law of economics

I am an ardent supporter of the law of economics, I don't care how many a consumer rights activist I may repel but I do sternly believe that as long as there is demand there is supply. Why do most of the govts. in the world spend so much money on countering drug trafficking, prostitution, prohibition etc. So much money is wasted, for what?? I don't smoke, don't drink and don't have any of the above stated vices; so it wouldn't make a difference to me if it were available in the next supermarket by the corner or at a pushers hideout. But you can argue that others may not have such good willpower and many succumb to peer pressure or temptation but hey thats not the sellers concern mate!!!! As long as there is demand for the drugs, women etc the supply will be constant. Don't waste resources on curbing the supply, all efforts should be taken to curb the demand through meaningful education and propaganda. I say legalise prostitution/drugs/euthanasia.

On the same note, I would also like to initiate you #^$#@*@!&* consumer rights activists on something called "Caveat Emptor"... i.e. "Let the buyer be ware" it is the axiom or principle in commerce that the buyer alone is responsible for assessing the quality of a purchase before buying. So the ball is in the buyers court and not the sellers, a seller will and should do anything to sell his product, so let the buyer assess the quality of his purchase rather than buying something he/she doesn't need and then cribbing to consumer rights about how he/she has been duped.

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