Isn't that the definition of capitalism.
Surprised CRC went bust. I always thought their prices were very reasonable
"Capitalism is an economic system based on the private ownership of the means of production and their operation for profit"Even a workers cooperative bikeshop has some elements of capitalism (mixed with socialist ones).
yer but you would say that wouldn't ya, ya bourgeois scum. up yours ya aristocrat, yer, we proletariat scum are gonna rise up, yer."Capitalism is an economic system based on the private ownership of the means of production and their operation for profit"
Many independent bike shops just try to keep their heads above the water, and if there is a little extra coming in, pay the staff more, or buy a packet of biscuits.
ah man, this all to much man, can't we all just like, get along maaaaaan?The irony is that those using capital to make money - the capitalists - the pension funds and banks lending to WCR - not only lost money, but also undermined the "free market" they endlessly trumpet by encouraging wcr to sell at a loss, leading to the loss of 100s of bike shops and their associated knowledge and unusual stock.
WCR prices were not reasonable because they were subsidised by the libertarian superwealthy in the aim of getting a monopoly, the capitalists' dream...
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