₦airaland Forum

I think Dede's trying to play the role of "bad cop" like Simon Cowell, but unfortunately he lacks finesse.
SImon Cowell is a nasty judge, but he expresses himself like someone who knows what he is saying. Unlike Dede.

After getting the export license, what next? Will the government buy my goods and sell them abroad for me?

Interesting. I didn't know that. I guess it's lovely that they have built an excellent reputation for themselves.

I had an economics professor basically telling the whole class that Zimbabwe is a bad place to invest becuase Mugabe will expropriate all foreign assets.

Do you not realise that what the professor said is the truth? And whose fault is that? Mugabe's fault of course!

The hearts of the kings & princes are in the hands of the Lord & He turns it whichever way He wills

If that was true, then hell would not exist. Unless the Loving Lord actually wants people to go to hell.

Mnet seems to have been scrambled, while other channels are working as usual. How disgusting of them.

They are showing it on MNet right now. If you missed it yesterday, please don't miss it today!

Why not Nigerian? What's the advantage of a Senegalese tailor?

Losing her virginity does not guarantee her a top model position, does it? Moreso, she can still become a top model without losing her virginity. So this is actually a false choice. No choice needs to be made.

Nana is beginning to develop a mind of her own. Once, she supported a guy that performed a challenging song by R.Kelly, even though Dede and Dan Foster were not impressed. I wish she would do more of that.

I'd rather neither. Listening to lies on a daily basis doesn't make life any better.

If you have to choose between being lied to and being murdered, which will you choose? Stop dodging the question.
I hate dishonest people who claim to be religious. You're wrong and you know it, but you keep spewing hogwash.

Date: Fri, 23 Feb 2007 01:56:52 -0800
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I hope you can get an answer, but I think you really need to visit the place before buying any land in the area.

I have nothing against them, but I am not excited by their arrival. Visit: Starting Mcdonalds In Nigeria.

What else do you want her to talk about when you meet? If you have a better topic than hers, just raise it!

Or if the large corporation forbids its suppliers from supplying any competitor, is that fair?

Exclusive contracts are nothing special. For instance, David Beckham cannot play for two different football clubs at the same time? Beyonce cannot release her music through two different record labels at the same time? Is it "unfair" that I can't record music for Celine Dion unless she dumps her current label? If a supplier decides to sign an exclusive contract wih a large corporation, it simply means that the large corporation is worth it. As long as the supplier wasn't forced at gunpoint to sign the exclusive contract, but did it to make lots of money, it is fair.

Supposing I find myself in the position of a competitor to a large corporation which has signed exclusive contracts with major suppliers, I will just look for new suppliers who haven't signed such contracts. By the time my business grows to a certain point, the old suppliers will have a good reason to terminate their exclusive contracts. Once they discover that they can make more money by supplying products to the new guy, they will start liberating themselves.

For example, if a large corporation uses its power in the market to force smaller companies out by predatory pricing, is that fair?

First of all, what is fair is fair, regardless of whether your company is "large" or "small".

Secondly, predatory pricing isn't an objective term. Very low prices is what you mean. (that is bad?)

Thirdly, it's not an objective term. When a company chooses a very low price to 'drive out' the competition, you can't really say whether they intend to raise the prices after their competitors have been driven out or not.

Fourthly, most economists believe that predatory pricing is a myth. Read: www.cato.org/pubs/pas/pa-169.html

Also, if a company 'drives out' it's competitors by low prices, the consumers (you and I) will benefit from the low prices, while the 'predatory' company will lose it's money. If the company attempts to raise prices after driving out the competition in order to recover its loses, competitors will just return the market. In order words, it an unprofitable practice, unless the government helps the big company by erecting artificial barriers to entry.

Based on these points, is predatory pricing fair? Is it fair for a company to offer very low prices to consumers in order to lose lots of money on the short run and gain nothing on the long run. My answer: it's not unfair, it's stupid. Should companies be alowed to offer ultra-low prices to consumers in exchange for big losses? Absolutely!

We all have different computer corporations. We are middle men, and Dell offers us some of their consignment at a cheaper price, lets say, 500 dollars each. Now, it is upto me to determine how much I will charge my consumer, depending on how much money that I am eager to reap off. Supposing a rival of mine decides to sell his computer at a loss, for 450 dollars, just to spite me, would I be willing to go further down, because I am eager to gain more customers? I don't think so.

If your competitor is willing to lose 50 dollars on every sale in order to spite you, he is simply hurting his own business. Isn't that rather stupid? If he continues doing that, then eventually he will go bankrupt, and the customers will return to you. If he's too rich to go bankrupt, then his business has been turned into a charity.

Is charity unfair? When the red cross gives people free food that someone else sells for a living, is that unfair?

It's only logical that he highest quality items in any product category will always be more expensive than others. But that has nothing to do with whether capitalism is right or wrong. Over time, prices go down and quality goes up.

welcome!

Wishing you the best, my brother. For avoidance of doubt, I'm a Libertarian: en.wikipedia.org/wiki/Libertarian

I think sending a child to public school is equivalent to asking overstressed teachers to do your parental job.

My satire seems to be too subtle for you to grab. What I'm saying here is the exact opposite of what I believe.

It's no big deal. I will print lots of money to make Nigerians rich. Zimbabwe has done that with great success.

I will raise the wages and expenses of Nigerians to world standards by promoting inflation. Am I not great?

Just make sure you get a signed contract from the person you are giving the sex to, otherwise you may sleep with him and still not get the fame and money you are looking for. Sleazy people cannot be trusted.

Even if it were adults, these sort of public tranport services will be banned in Lagos in the near future and where will all the conductors go??

They'll go to the bedroom of the idiot that banned them and repay him appropriately.

The casualties are the struggling businesses, the mom and pops store

When a business becomes unprofitable despite your best efforts, it is a sign that it's not the ideal business for you to be in. When word processors were invented, the "casualties" were the typewriter manufacturers. So they sold off their factories and use their resources to start new businesses. "Protection" will have harmed development.

That's exactly what the mom and pop stores should do; they should sell their stores and enter into new businesses in which they will have an advantage. New businesses that a giant corporation can't do effectively. In the process of finding new businesses to enter into, moms and pops would have succeeded in developing the economy a little bit more. The society will be able to enjoy the low prices of Walmart as well as the new businesses created from the ashes of the mom and pop stores that couldn't compete. Every business failure is just manure for future success.

was undertaken, out of a secret trip, by an employee of a rival store to another store, to check out their prices.

If you have ever started a business, you will agree with me that a vital step is to check your competitor's prices. As long as your prices are not hidden from the general public, there's no reason why a competitor shouldn't be able to make use of it. How can you run a business without knowing where your prices stand relative to your competitors?

The unethical business practises, that my mates levelled against Walmart was their decision of offering very low prices on their goods

If you offer high prices, they accuse you of gourging. If you offer low prices, it's also unethical. Dullards they are.

insisting that though I wasnt a fan of capitalism,

I am a fan of capitalism. I don't see why you shoudn't be one.

I think ethics itself in a capitalistic society is at best, contradictory. What do you think?

Capitalism is about fair competition in the marketplace. Ethical capitalists strive to enrich themselves without stealing or defrauding others. If you refuse to steal or defraud others, your profit-seeking actions will benefit others. Some "capitalists", instead of competing fairly in the marketplace, resort to fraud, theft, and the abuse of government influence in the race to get ahead. Those are the unethical ones. Low prices being evil? Ridiculous.

Love. An overrated emotion indeed. Eve if he likes you, there may be 15 other girls he also likes.