July 23, 2006
How I learned to love the market.
One of my favorite radio talk show hosts, Michael Medved, is a thief.
But he's changed his ways. Thanks to market based innovations.
After a lifetime of taking hotel soaps and shampoos, a bath product dispenser has changed his life.
- Meanwhile, I’m so struck by the sensible, ingenious nature of the bottle-on-the-wall scheme that I think I’m finally ready to give up my embarrassingly extensive soap and shampoo collection. If anyone wants to buy it in return for a worthy contribution to an institution promoting free-market economics (Heritage Foundation, say, or American Enterprise Institute, or even Cato Institute), I’m ready to sell (on the free market) and to provide you with an exotic, aging, and occasionally elegant collection of personally-sized bathroom supplies. Any takers?
Sad that other people don't see the market's influence in innovation. The example I use is the built-in ZipLock(r) seals that are standard on tortillas and cheese and luncheon meat and now dog treats. No company would bother to use more expensive packaging and do the work of changing -- unless they felt they could sell more.
Posted by: jk at July 24, 2006 10:47 AM | What do you think? [1]