Tuesday, August 30, 2005

Liberals unfathomably deficient in economic understanding

There's just too much wrong with the silly platforms of liberals to adequetly address, but one of the saddest has to be their irrational hatred of corporations and business. These institutions, certainyl a smuch as our government, made America great and bequeathed our high standard of living, yet many on the left never miss an opportunity to trash them.

One small example: I just read a liberal blog explaining that drugs were expensive because of executive pay and marketing.

I don't know what they teach in marketing classes at schools, but the economic basis of marketing is clear: to generate more returns on investment. For every dollar a company spends on marketing, it should bring in at least $1.01. Whether it's selling more quanity of a good or helping in more indirect ways, this department is a money maker. Following this to the logical conclusion, if pharmaeutical companies spent less on marketing, they would lose more revenue than their marketing efforts cost. Their products would be more expensive!

The central point which liberals are always wrong on is their assumption that markets are centrally planned. They must assume that a company decides the benefit package for its CEO and then devises products to sell in order to pay him/her the agreed upon wage. It's absolutely backwards and contrary to all research and reason.

To sum it all up, I think Republicans should revise their stance on embryonic stem cell research to allow feasibility studies of removing the 'liberal' gene from fetuses before birth, if parents so choose (and give tax credits to parents that do). A pure utilitarian would have to agree that societal benefits would far outweigh the costs.

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