The previous 4 posts were from a paper I did a couple of years back in a sociology class. The Instructor proudly declared at the beginning of the class that she was a communist which caused me to temper to a certain degree what I really thought in regards to this paper on media bias. She earnestly believes that a product that costs $2.00 to make and sells for $10.00, all of the $8.00 profit went back to the original manufacturer. Also that the $2.00 cost of the product would cover all capital costs, overhead, R&D, advertising costs, distribution, and labor costs. Having worked in the manufacturing sector for the past two decades I pointed out the errors in her assumption to which she responded that I did not know what I was talking about and that she was the instructor and I was the student.
I persisted that if her assumption was factual then a competing company would make the same item and sell it for less to gain market share and there by erode any possible usurious profits. Her response was that corporations don't act that way and thus we have corporate greed determining the cost for goods and services. This is what the next generation of Americans are learning and I fear for the future.