Sunday 05 July 2015

Playing Mahjong to Honor the Dead

Mourners play mahjong near a coffin during a funeral wake.MANILA Philippines 01 July 2015 - In the Philippines, gambling isn’t just a past time, but a way to honor the dead. Betting games, mah jong, and card tables are often set up at Filipino wakes, or paglalamay, where the tradition is to keep a 24-hour vigil over the deceased until the burial.

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Joseph Edward's Theory of Market Ecocomy

I believe your theory might at first glance has some merit, but is actually extremely flawed and ignorant, bordering absurdity. In the FREE MARKET ECONOMY, Laissez-faire, the market is determined by the consumers and supply and demand theories. If the market condition is viable, there will certainly be new competition that will emerge.
Comments (3)Comments are closed
1Wednesday, 11 November 2009 20:33
Joseph Edwards
PetiteEtoile, I do understand how the free market economy works. As a student of economics, I'm not ignorant of that. What you don't seem to understand is that no market is perfectly competitive and the Anglophone online mahjong market is particularly susceptible to this.

(continuing...)
2Wednesday, 11 November 2009 20:35
Joseph Edwards
For example: its monopoly status thanks to its share of the market (particularly its ability to advertise and affliate), uneven information thus (how can you make an informed decision on what client to use when MahjongTime is portrayed as the only choice?), the nature of the market (particularly in that because of the multiplayer aspect any client must quickly build a strong base to be viable, and thus a limited number of firms can be viable) the small target demographic in the shorter term, etc
3Wednesday, 11 November 2009 20:37
Joseph Edwards
The market condition isn't viable when MahjongTime has such a corrupting influence. It effectively has reached monopoly status and is in a position to prevent or hinder other companies entering the market through its economic power, media and commercial influence, and large market share. If a company was operating under these conditions in a large market with these conditions, it would have probably have been butchered by regulators already!
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