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Napanee, Ontario | "Over time the value of raw materials tends to equal the cost of production. "
If there was no profit in an industry over the long term, the industry wouldn't exist.
For something to happen, there needs to be incentive to do it. To say that zero profits have been made in agriculture over the last 10,000 years, since the inception of agrarian practice... im thinking maybe you meant that value tends 'towards" instead of 'equates'.
Edited by OldMcdonald 9/1/2014 13:23
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The market doesn't owe you a profit
