[citation][nom]gorehound[/nom]It is just a sign of the unfair capitalism that is throughout this business world.he same type of greediness that brought the economy down.A device like a cell phone should not be exclusive to one company.Shame on you Apple !!![/citation]
So, a business that spends millions of dollars in R&D on a phone should not be able to sell it to who ever they want at what ever price they want?
If Socialism is soooooo great, then WHY didn't a company from another country create the iphone?
Also, WHY are prices LOWER for just about EVERYTHING here in the USA, where FREE Markets/Capitalism exist and, even with the stronger Euro & Pound, prices are higher in the UK & Europe?
Here's a lesson on 3rd grade Social Studies: Capitalism allows people to offer services and goods at what ever price they want. It is the FREE MARKET that decides what those prices are. If Apple sold their iphone for $2000, only a few would buy it and Apple would be losing millions of dollars. Due to the Free Market, Apple is able to sell them at $200-300, continually improve the phone thru R&D and make a profit.
For the current economy, it was not greed and Wall Street that caused this recession. It was certain Democrats forcing banks to provide loans to poor people - people who could not afford a mortgage. These loans were sometimes called "NINJA" loans: No Income No Job & Assets. A few years ago, a bank in Chicago wouldn't give home loans to people with little to no money and/or poor credit. Obama and his "community organizers" sued this bank stating they were not giving "fair" access to home loans. The bank responded saying that they would lose money and go out of business if they had to provide these types of loans. Being Chicago, the "Windy City", the bank lost in court which caused a ripple across the country. Every bank now knew that if they didn't give these loans, they would be sued and lose due to the precedent.
Guess what, that bank went out of business.