Monday, November 24, 2014

Supply-Side Interests

In any Economic exchange, each party has a supply and a demand, with money often one of each.  Thus, the term 'Supply-Side' does not, in itself, distinguish one party from another.  Likewise, the term 'Supply-Side Economics' is, in itself, trivial.  Rather, what it typically denotes is the interests of the owners of the means of production, as opposed to those of consumers, and to the needs of those too poor to enter into any exchange.  Accordingly, for example, where that system prevails, profitability justifies the production and sale of junk, rather than that of useful or of vital goods.

No comments:

Post a Comment