Hmm. Well, you've got me, I self-identify as a capitalist. I am efficient in most of my dealings because that lets me choose how to distribute my surpluses rather than having no surplus to distribute. I do things which are not strictly speaking economically efficient with my surpluses of time and money: I play video games, I donate to charity, and I pay freelancers more money than the lowest possible amount they would work for me for. That's the whole point of optimizing away the things I don't care about, like time spent writing bingo card word lists.
As I mentioned, I have a global monopsony on bingo card word lists. (A monopsony is to buying as a monopoly is to selling.) As predicted by MicroEcon 101, the market clearing price for bingo cards is whatever I say it is. I used to say it was $1 each, before I said it was $1.50 each, before I said it was $3 each. I keep walking it up because I'm happy with the arrangement and like to keep my freelancers happy. I don't need to, any more than I needed to send her a Christmas card with a month's wages in it, but I do a lot of things that I don't need to do.
Could I say the price is $30 each? Yeah, sure -- all it would take is writing another zero on my check. Am I under any particular obligation to do that? I haven't heard a compelling reason why yet.
You are, of course, free to call me "unfair". You're also free to open your own business, compete against me, break my worldwide monopsony on bingo card writing labor, and pay her any price you darn well please. If you can beat a few thousand a year, I'll happily forward you her contact information.
I'll refrain from giving my opinions as to the relative moral worth of entrepreneurship and telling entrepreneurs how to spend their money, as they would get political very, very quickly.
That's an excellent answer; if you claimed #1 or #3, I was going to ask how you expect 100/hr out of posting to and commenting on HN (since I can't see that HN demographics would generate many bingo-card customers).
As I mentioned, I have a global monopsony on bingo card word lists. (A monopsony is to buying as a monopoly is to selling.) As predicted by MicroEcon 101, the market clearing price for bingo cards is whatever I say it is. I used to say it was $1 each, before I said it was $1.50 each, before I said it was $3 each. I keep walking it up because I'm happy with the arrangement and like to keep my freelancers happy. I don't need to, any more than I needed to send her a Christmas card with a month's wages in it, but I do a lot of things that I don't need to do.
Could I say the price is $30 each? Yeah, sure -- all it would take is writing another zero on my check. Am I under any particular obligation to do that? I haven't heard a compelling reason why yet.
You are, of course, free to call me "unfair". You're also free to open your own business, compete against me, break my worldwide monopsony on bingo card writing labor, and pay her any price you darn well please. If you can beat a few thousand a year, I'll happily forward you her contact information.
I'll refrain from giving my opinions as to the relative moral worth of entrepreneurship and telling entrepreneurs how to spend their money, as they would get political very, very quickly.