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Evolution of Supply and Demand missed
I think that there is a really, really, really great opportunity to upgrade the good old supply and demand theory. The side I'd like to concentrate on is the demand side. (Although many, many integral upgrading can be done on the supply side as well.) I'm not an expert but I think the Wall Street assumption is that demand, in integral terms, is driven by first person perspective compassion, or as they would call it, greed. "I want this," so I drive up demand.
I think what the Democrats are missing is that they really are following the principles of supply and demand, except that their driving motivations come from second and third person perspective compassion. Free (not exactly) health care, for instance. Whole Foods is a testament that second and third person perspective compassion are very real drivers of demand. If they updated the good old supply and demand model to take this into account, a middle ground could be more easily approached. Republicans hide behind their theory to avoid issues of compassion. We need to throw a monkey wrench into that.
More importantly, with a new model, more business ideas based on second and third person perspectives would germinate. There simply isn't enough opportunity for the average person to make a second or third person perspective choice. It's time we changed that.
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