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> The law of supply and demand is like the Newton's laws of physics, it works. Adam Smith was not aware of advertising. Suppliers can fabricate demand to manip

> The law of supply and demand is like the Newton's laws of physics, it works. Adam Smith was not aware of advertising. Suppliers can fabricate demand to manipulate the price. It's not a law, it's an assumption about human psychology and a wrong one. In the case of Barcelona, supply is limited due to the geography of the area (sea/mountain) and the inner city is already extremely dense.

freefaler 2y ago
> Suppliers can fabricate demand to manipulate the price. It's not a law, it's an assumption about human psychology and a wrong one. Really? Try selling pork sausages to Saudi market. There are many failed startups with huge marketing budgets failed, because there were not enough demand for their products.
- Mountain_Skies 2y ago
  Someone made a bunch of money a few years ago selling singing pickles. Doubt there was a sudden human need for singing pickles. Someone created that demand.
  - freefaler 2y ago
    If they made the choice by their own volition (even if it's influenced by the marketing) may be they had some need for entertainment or consumerism fulfilled by it? To disprove supply/demand means that no matter the price of the pickles the number of pickles sold wouldn't change.
- PaulDavisThe1st 2y ago
  "There is no X in Y" is not a proof that "There is no X". The MIT Press had a book in the 90s called "Philosophies of Manufacture" that gathered together writings, pamphlets, letters and more that flowed around as the industrial revolution ramped up in the USA. It is filled with the actual industrialists and/or capitalists fretting about how there would not be enough demand for their products, and openly formulating plans to increase demand via new means (which today we would call advertising and marketing). This is not some idea flowing from progressive politics, it originates with the capital class itself.

freefaler 2y ago

> Suppliers can fabricate demand to manipulate the price. It's not a law, it's an assumption about human psychology and a wrong one. Really? Try selling pork sausages to Saudi market. There are many failed startups with huge marketing budgets failed, because there were not enough demand for their products.

Mountain_Skies 2y ago
Someone made a bunch of money a few years ago selling singing pickles. Doubt there was a sudden human need for singing pickles. Someone created that demand.
- freefaler 2y ago
  If they made the choice by their own volition (even if it's influenced by the marketing) may be they had some need for entertainment or consumerism fulfilled by it? To disprove supply/demand means that no matter the price of the pickles the number of pickles sold wouldn't change.
PaulDavisThe1st 2y ago
"There is no X in Y" is not a proof that "There is no X". The MIT Press had a book in the 90s called "Philosophies of Manufacture" that gathered together writings, pamphlets, letters and more that flowed around as the industrial revolution ramped up in the USA. It is filled with the actual industrialists and/or capitalists fretting about how there would not be enough demand for their products, and openly formulating plans to increase demand via new means (which today we would call advertising and marketing). This is not some idea flowing from progressive politics, it originates with the capital class itself.