In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive market, the unit price for a particular good, or other traded item such as labor or liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted. It forms the theoretical basis of modern economics. (Economics Today)
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, property rights recognition, voluntary exchange, and wage labor. (INC.)
The war rages on in Ukraine. The ammunition used by the US and its NATO Allies, against the marauding sinister forces of Putin and his combo of Russian Troops, as well as MERCENARIES, has so far been contrived from economic sanctions against, the Ultra-Wealthy Oligarchs their lavish lifestyles, material possessions. Hurt them in the pocketbook for victory, so it seems!
In the US, however, it seems that the Ultra-Wealthy, as in the American Oil Producing Cartel, are exempt from participating in a worldwide war effort to punish the Russians. In my opinion, it might behoove the American Suppliers of Oil, to not pretend that SUPPLY AND DEMAND and many CAPITALISTIC methods tried and true from the past, to enhance their bottom-line, be implemented. As the price of a gallon of gas rises in this nation, way too many Democracy loving Americans forget about the struggle for freedom and liberty in Ukraine and instead struggle to pay for oil at home. Perhaps the American Oil Cartel CEOs and their Boards, might become a bit more Freedom Loving, and lower their prices for now!
