How to Spin Gold from Straw
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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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… should I comment here or on the original article?????… I feel the uncorralled thought surge trauma coming on…
You have stepped into the Twilight Zone…in between universes.
Wait a sec.
I am trying to get back to my home universe.
Oh!
https://www.corbettreport.com/episode-191-how-to-spin-gold-from-straw/
There it goes. I got dizzy and went through a plaster wall with my forehead. My lawyer is drafting a lawsuit against this site operator.
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
Two concepts:
Rent-Seeking
https://www.investopedia.com/terms/r/rentseeking.asp
Coercive monopoly
https://simplicable.com/new/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…
Thanks Qno.
The examples of “rent seeking” were very interesting.
Perhaps patents and copyright could be considered close to that category.
The segment on bottled water is a little deceiving to me. While it may be true that many bottled waters are from “public sources”, I don’t believe it is accurate to say that they are just “tap water”. They are not, in most cases.
While I eschew the marketing hype about spring water and artesian water, and the like, I do appreciate the fact that many bottled waters are better tasting and contain fewer chemicals that screw up coffee makers and such.
Of course, I would rather have a tap water purification system for that reason rather than spend lots of money on convenience, but that’s just me.
Any reasonable taste comparison will reveal why many people prefer bottled water to tap water. They are, in fact, very different, even if there is deception as to the ultimate source of the actual product.
If there is deception in the marketing of bottled water, such as where the water comes from, then that should be exposed, but the superiority of the final product itself is not an issue with me. If it is demonstrably different from mere tap water (fewer bacteria, fewer chemicals and heavy metals, etc.), and it’s better tasting, then I will gladly pay a reasonable price for that product (emphasis on the word ‘reasonable’), for those times when I deem that to be important.