How to Spin Gold from Straw

08/02/20196 Comments

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FROM 2011: In Rumpelstiltskin, the miller’s daughter can rely on the magical dwarf to help her to spin straw into gold for the king. In reality there are no magical dwarves, but there are monopolistic cartel capitalists who have found the way to make the public pay through their nose for commonplace items. Welcome to the realm of artificial scarcity.

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  1. mkey says:

    … should I comment here or on the original article?????… I feel the uncorralled thought surge trauma coming on…

  2. generalbottlewasher says:

    James did reference ” Lemmings ” around 18min.
    { …lemming like…}. I was curious if this is a learning experience. Does this ‘Lemming’ reference thing come from the post ‘ Lemming’ documentary production time or pre- ‘ Lemming’ documentary time frame? I can’t remember the time frame, and lack the will to look it up. Meh! No disparaging lemming loud

  3. Qno says:

    Two concepts:

    Coercive monopoly

    The field of regulation is stuffed with rent-seeking and coercive monopolies. I work in a regulated industry that wasn’t regulated until the late 1990s, and everything went just fine before it was regulated. There is not a single tiny shred of evidence that regulation has improved anything for the consumer, for us, or for the world, and no attempt whatsoever to check for such evidence. We pay more, our customers pay more, and what is worse, all sort sorts of politically useful impositions and restrictions are attached to their rent-seeking system.

    When our forebears in their foolishness campaigned for regulation, they envisaged all the benefits of ‘recognition’, but really what they wanted was a coercive monopoly in their favour. What in fact transpired was more coercion in the coercive monopoly of our biggest competitors, that already have a great deal of unfair advantages.

    We have fallen right into ‘the regulation trap’.

    And what is coming clear now is the huge web of which this is a part. Don’t even get me started on the EU…

    • HomeRemedySupply says:

      Thanks Qno.
      The examples of “rent seeking” were very interesting.
      Perhaps patents and copyright could be considered close to that category.

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