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#52 Mar 04 2009 at 7:20 AM Rating: Good
Archfiend Goggy wrote:
There's no real loss in WoW, so it doesn't work in a true capitalist fashion. People sell their items for prices which would not work in a real-world scenario. Furthermore, the test for capitalism is for a "profit", so your quotation from whatever on-line dictionary you found is off as well.

I'm happy'ish in the UK.

Welcome to the boards.

I beg to differ with you, but... what the hell, I really don't beg to differ with you. I'm not a beggar!

There is a real loss in WoW. Time and effort being lost if you don't make good. Sorry, but either you are just plain uneducated in economics or you have a weird (or no) idea on what constitutes "loss".

Edited, Mar 4th 2009 7:21am by ohmikeghod
#53 Mar 04 2009 at 7:27 AM Rating: Default
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3,229 posts
No I agree, but I'm talking about the difference between a game and RL. Quoting the definition of captitalism is all well and good, but someone who is making savage saronite spaulders for skill-points, and then putting them on the AH for 10 gold is not practising capitalism.
#54 Mar 04 2009 at 8:24 AM Rating: Good
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1,574 posts
Since in WoW, workers control the means of production and there is no money lent at interest, it is not a capitalist economy in the sense that Adam Smith or Karl Marx would recognize.

It’s a free market, let’s leave it at that.

#55 Mar 04 2009 at 1:55 PM Rating: Good
Archfiend Goggy wrote:
No I agree, but I'm talking about the difference between a game and RL. Quoting the definition of captitalism is all well and good, but someone who is making savage saronite spaulders for skill-points, and then putting them on the AH for 10 gold is not practising capitalism.

Someone making ANYTHING for skill points and expecting to make gold out of it is completely and totally deluded. Since the market is flooded with lots of what they are making, the price goes down to below cost of mats. That is "supply and demand", which is integral to capitalism. Let me see if I have your point correct. Just because a person cannot make money, he isn't practicing capitalism? When did "capitalism" suddenly become "guaranteed success"?

Edited, Mar 4th 2009 1:56pm by ohmikeghod
#56 Mar 04 2009 at 2:32 PM Rating: Good
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629 posts
Quote:
Someone making ANYTHING for skill points and expecting to make gold out of it is completely and totally deluded.


One exception: levelling JC on WOTLK launch. Green gems were better than old epic ones. I made a KILLING while levelling. Market would soak up every amount of gems back then. But yeah 90% of the time levelling something means loosing money. Especially on most common items.
#57 Mar 04 2009 at 3:29 PM Rating: Default
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3,229 posts
ohmikeghod the Venerable wrote:
Someone making ANYTHING for skill points and expecting to make gold out of it is completely and totally deluded. Since the market is flooded with lots of what they are making, the price goes down to below cost of mats. That is "supply and demand", which is integral to capitalism. Let me see if I have your point correct. Just because a person cannot make money, he isn't practicing capitalism? When did "capitalism" suddenly become "guaranteed success"?


Capitalism doesn't guarantee success, but a requirement of capitalism is profit, listing items because you're not interested in making a profit is not capitalism.
#58 Mar 04 2009 at 6:24 PM Rating: Good
Archfiend Goggy wrote:
ohmikeghod the Venerable wrote:
Someone making ANYTHING for skill points and expecting to make gold out of it is completely and totally deluded. Since the market is flooded with lots of what they are making, the price goes down to below cost of mats. That is "supply and demand", which is integral to capitalism. Let me see if I have your point correct. Just because a person cannot make money, he isn't practicing capitalism? When did "capitalism" suddenly become "guaranteed success"?

Capitalism doesn't guarantee success, but a requirement of capitalism is profit, listing items because you're not interested in making a profit is not capitalism.

I guess that the reason "making stuff for points and profit" falls outside of your normal economic parameters (and the reason it skews the market) is that the gold you are spending on mats is NOT purchased for the purpose of making things for sale. It is spent on the acquisition of skill points instead. As long as people, including you, believe that they can spend their way into uber-dom profession-wise, the disparity between crafting and gathering will persist. That does not mean that it falls outside of capitalism. You already got what you paid for (skill points), and you are trying to sell the byproducts of that process.

Edited, Mar 6th 2009 7:18am by ohmikeghod
#59 Mar 07 2009 at 9:05 AM Rating: Excellent
There's a distinction between economics and buisness that people these days generally fail to make. It makes pefect economic sense, it just doesn't make good buisness sense.

Quote:
There's no real loss in WoW,


An economist would say that time is the loss, and even time is not a set value because it is valued differently by each individual.
#60 Mar 11 2009 at 10:23 PM Rating: Good
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713 posts
This thread has shown me that maxxed Enchanting is not as bad as I once took it for. At least if I'm trying to sell anything (enchanting-wise) there are no deposits so no lost money on something that's not bought out or repriced by myself.

That and farming mats for it is easy as when you have a group of epic geared players that dont need upgrades or a tailoring alt! =)
#61 Apr 08 2009 at 2:34 PM Rating: Decent
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155 posts
Quote:
There's no real loss in WoW, so it doesn't work in a true capitalist fashion. People sell their items for prices which would not work in a real-world scenario.


Keep in mind that WoW and real life are seperate, so it doesnt matter if people wouldnt buy "random sword of the bear" for 30 "gold" from the local store. A "true capitalist fashion" only requires that items be sold at prices people are freely willing to pay.

Quote:
Furthermore, the test for capitalism is for a "profit", so your quotation from whatever on-line dictionary you found is off as well.


His quote was from merriam-webster's dictionary.
#62 Apr 08 2009 at 3:42 PM Rating: Decent
bococho wrote:
Keep in mind that WoW and real life are seperate, blah,blah,blah


You had to resurrect a thread that's 2 months dead for that?
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