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[quote=Anonymous][quote=Anonymous]Oh gosh, how I would welcome a new version of government procurement rules! As a federal contractor I can tell you quite honestly that the rules do not result in the best product for the American people. Also contractors are not making giant margins contrary to popular belief here. And it is fair and American that businesses can perform work at a fair profit. In my mind that’s roughly 10%. That is darn hard to do with the current rules[/quote]

"Fair profits" are what is wrong with American capitalism.  The system doesn't work if companies don't go bankrupt and investors lose money.   What happens when everyone one assumes a standard profit is inflation.  Eg businesses charge customers the amount to make that profit.

The way it's supposed to work is people pay what they think the product is worth to them.  If the investors and businesses were able to deliver that product for less than they were paid then they made a profit.  EG the businesses have to do something to create the value.  If they don't do that, it's just feudal rent seeking, not really capitalism.[/quote]

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