- May 9, 2013
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- Iowa City, IA
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Okay, sorry. "Every major modern hot shoe except Sony." Pentax, Nikon, Canon, Sigma, and Olympus are all interchangeable for 3rd party accessories like radio connectors, or modern flashes doing basic manual firing (I never claimed TTL compatibility, etc.)Ummm... you may want to double-check that.
I know this because I have bought dozens of equally complex products for <$50, and assuming a basic 50% manufacturer markup and a 50% retail markup, that's a little over $10 in cost of production. Sure, maybe pocketwizard's general business costs are higher. Maybe they only employ beautiful, silver-haired virgins and hand-craft every pocketwizard device in UNESCO world heritage architectural sites on daisy-dappled picturesque Swiss mountain slopes.Really? And you base this on what? Do you have inside knowledge of their CODB? Please...
But why would they? If it is POSSIBLE to make something like this for $10 (and we have evidence that it is), then pocketwizard would be silly not to do exactly that. Any higher costs than that would just be wasting profits, no matter what price they sell the final product at at retail. So it is safe to assume that if pocketwizard is an intelligently run, efficient business, they would be making these things for ~$10, because they CAN. Then, they simply charge whatever price gives them the maximum overall profits.
As I suggested in my earlier post, the reason why this is so much higher than the ham radio is very simple: pocketwizard has a monopoly on flash sync devices that have that many features at this point in time, whereas there is a lot of competition for ham radios (no monopoly). That is probably the entire story.
Monopolies are generally bad. DEFINITELY bad for the consumer (us, which means you shouldn't be happy about it). And most of the time bad for the overall health of a free market, too (due to lots of externalities, which is why there are laws enforced against larger scale monopolies).
It may still be worth it for you to pay if that's the product you need and there are no other options, but you don't have to be HAPPY about it.
... No. That's not how capitalism works. Capitalism is not an explanation for why you shouldn't be unhappy about prices. It is exactly the opposite, in fact. The function of a free market DEPENDS on people being unhappy with high prices. That's one half of the forces that keep prices in equilibrium. If we just shrugged and paid any price given to us, then the whole system would fall apart, because we would spend our entire savings on $15,000 loaves of bread, and then the economy and government would collapse.Exactly! If you're not happy, there is another monetary system in place, used in a number of large countries, as well as many smaller, less developed ones, 'though I understand it's not been fairing so well lately.