[extropy-chat] Re: Seven cents an hour? (was: Riots in France)

[gts]

On Thu, 17 Nov 2005 11:47:45 -0500, Rafal Smigrodzki  
<rafal.smigrodzki at gmail.com> wrote:

> ### No, it's you who are ignorant of basic economics. In a competitive
> economy, price is the measure of efficiency, period. Just learn this
> simple fact.

Where do you get that idea, Rafal? I assume you are referring here to the  
retail price of Walmart goods.

An inefficient company can sell goods below cost and by your standard look  
"efficient" even while it's filing for bankruptcy.