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Why are contemporary societies so inherently selfish? Pebble August 6, 2022 8:25 pm (Flame)

Show biz kids... ER August 6, 2022 5:03 pm (Off-Topic)

Interesting- Russian Hypersonic Scientist arrested for treason RL August 6, 2022 12:26 pm (CurrentEvents)

Yo, Pod! This one's 4 U. ER August 4, 2022 12:16 pm (Space/Science)

Pod, any idea what this is? RobVG August 3, 2022 12:15 pm (Off-Topic)

Comedic Perfection BuckGalaxy August 3, 2022 10:45 am (Off-Topic)

Why I am a Liberal. ER August 3, 2022 9:42 am (Flame)

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July SIE ER August 2, 2022 7:44 pm (Space/Science)

Perspective is everything ER August 2, 2022 10:28 am (CurrentEvents)

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Things I learned today June 6, 2011 9:55 pm TB

A phrase from “Zero Punctuation:”

“More assholes than a donkey in an iron maiden.”

A new economic term: “Monopsony,” from a presentation on the economics of space flight.

From ancient Greek μόνος [monos] “single” + ὀψωνία [opsōnia] “purchase.” It means a market in which only one buyer faces many sellers. An example of imperfect competition, similar to a monopoly, in which only one seller faces many buyers. As the only purchaser of a good or service, the “monopsonist” may dictate terms to its suppliers in the same manner that a monopolist controls the market for its buyers.

In this case, it referred to companies who only do business with the government, common in the defense and space industries.

  • Here's an example from the private sector, rock band managers who negotiate ridiculous contract provisions with concert promoters. (Party of ... by ER 2011-06-07 04:41:18

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