Hollywood as We Know It Is Over

Re:Hollywood as We Know It Is Over by branchless on Monday January 30, 2017 @02:05PM (#13524050)

Yes when all the assumptions that hold in theory are in place, in reality I wonder.

"Markets are never in equilibrium, thus don’t be fooled by prices, but consider quantities: The short side exerts power."

http://www.globalresearch.ca/shifting-from-central-planning-...

In this situation none of the tenants hold. Information is not perfect, it's not a free market as only certain channels can provide the IP, prices are fluid.

For the balancing of supply and demand supply would have to be finite. In a digital world it is in practice infinite.

None of this guff works in the real world. Time to put all our econ 101 books onto a big boat, push it out to sea with a burning torch.

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Re:Hollywood as We Know It Is Over by dragonwriter on Monday January 30, 2017 @03:40PM (#13524799)

I'm not disagreeing with that; I was pointing to what basic economic principle was at issue in the upthread claim.

Clearly, the reality of digital goods markets underlines how distant reality is from ideal markets.

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