Another great Classic experience

[NizmerThafen]

The price of something in EQ is 100% dependent on what people are willing to spend on available items. For instance a complete Rogue epic MQ goes for around 25k these days while a single key Mage epic MQ item may go for more than 500k. The only reason for the price difference is the availability of key items and clearly one is more available than another. It's only rational to get the highest price you can as a seller and the lowest price as a buyer. This tug of war is a very good thing.

Also, there are no down sides to free markets when compared to the alternatives, such as command economy, communism, corporatism (what we mostly have globally). If you think the western world has a free market model you are reta... uninformed.

[Blitzers]

Originally Posted by NizmerThafen [You must be logged in to view images. Log in or Register.]

The price of something in EQ is 100% dependent on what people are willing to spend on available items. For instance a complete Rogue epic MQ goes for around 25k these days while a single key Mage epic MQ item may go for more than 500k. The only reason for the price difference is the availability of key items and clearly one is more available than another. It's only rational to get the highest price you can as a seller and the lowest price as a buyer. This tug of war is a very good thing.

Also, there are no down sides to free markets when compared to the alternatives, such as command economy, communism, corporatism (what we mostly have globally). If you think the western world has a free market model you are reta... uninformed.

Exactly right, we have been marching toward global corporate socialism ever since " The War of Northern Aggression" ended. Sad days for our future.

[myriverse]

Originally Posted by Blitzers [You must be logged in to view images. Log in or Register.]

So I was running thru EC on my way to the Neriak bank the other night and I decided to auction some of my wares that I was able to upgrade in unrest. I auctioned a bracelet of woven grass. Within seconds I had people wanting to buy asking how much. 2 of the 3 said I wanted too much which was 250p. I got responses like "what are u people thinking" & they're only worth 75 on wiki. The 3rd guy responded would u take 200, of course I would was my reply.

The morale of the story is. This transaction would have never happened with a bazaar, I would most of likely just banked the bracelet for an alt. You may all say I ripped him off, on the contrary I offered a product at a suggested price and reduced that price to accommodate my customer. Now would I have taken 100p maybe, but the point is supply & demand is a great thing. The bazaar flooded the market with everyone bank junk thus making your assests worthless and effort to sell trivial for all.

Love EC market. True free market capitalism at its finest!!!

I often haggled in the Bazaar.

Originally Posted by NizmerThafen [You must be logged in to view images. Log in or Register.]

If you think the western world has a free market model you are reta... uninformed.

Nah. just a dumbass. They're plenty informed.

[Fanguru]

Free markets do not exist in real life.
Minds blown?
A market is always regulated. For instance Child labour, drugs, government positions are usually not for sale.
Problem is, what one nation finds unethical may be totally acceptable in another.

Casinos are not allowed on p1999 -> it's not a free market.

This post contributed nothing to the topic, you are welcome.

[Blitzers]

Originally Posted by Fanguru [You must be logged in to view images. Log in or Register.]

Free markets do not exist in real life.
Minds blown?
A market is always regulated. For instance Child labour, drugs, government positions are usually not for sale.
Problem is, what one nation finds unethical may be totally acceptable in another.

Casinos are not allowed on p1999 -> it's not a free market.

This post contributed nothing to the topic, you are welcome.

Before Adam Smith wrote "wealth of nations" he wrote a book titled " the theory of moral sentiments ". I suggest reading this.

[maskedmelon]

Originally Posted by Fanguru [You must be logged in to view images. Log in or Register.]

Free markets do not exist in real life.
Minds blown?
A market is always regulated. For instance Child labour, drugs, government positions are usually not for sale.
Problem is, what one nation finds unethical may be totally acceptable in another.

Casinos are not allowed on p1999 -> it's not a free market.

This post contributed nothing to the topic, you are welcome.

With regards to macroeconomics I would be inclined to agree that as an grows, there are those who seek to subdue it. The free market always seeks alternatives though and springs up in the spite of regulation. This is why we have never ending legislative action seeking squelch innovations and fostering black markets in the process.

[Fanguru]

Reading philosophical writings from a man who spoke to his imaginary friends? Eww [You must be logged in to view images. Log in or Register.]

[Blitzers]

Originally Posted by Fanguru [You must be logged in to view images. Log in or Register.]

Reading philosophical writings from a man who spoke to his imaginary friends? Eww [You must be logged in to view images. Log in or Register.]

Playing an imaginary game like DnD ewwww... Gimme a break

[Blitzers]

Hell take a look at what the fast food industry is about to do with cashiers, you have been replaced by a touch screen, so much for your cries for a higher minimum wage just cost u your job

[Lictor]

Originally Posted by Blitzers [You must be logged in to view images. Log in or Register.]

Hell take a look at what the fast food industry is about to do with cashiers, you have been replaced by a touch screen, so much for your cries for a higher minimum wage just cost u your job

Hmm I don't think I like the idea of touching the same screen that hundreds of other people have touched. That touch screen soda dispenser already makes me cringe looking at it.