Lesson #129 - Politicians and Bureaucrats: Job Security Through Misery - Part 4
- Category: Lessons
- Hits: 2397
User Rating: 0 / 5
POLITICIANS CONT'D
Foster oligarchs
You may have noticed that during the process of extracting money through taxation, rich people are usually targeted. However, these rich people, by the very nature of their money, could represent a threat to a politician’s job. Extract enough money from them, and they will find a way to replace you. So, how do politicians deal with this problem? Simple: through “favors”.
You must remember that…
Lesson #128 - Politicians and Bureaucrats: Job Security Through Misery - Part 3
- Category: Lessons
- Hits: 1784
User Rating: 0 / 5
POLITICIANS CONT'D
Maximum economic damage
Since politicians need to get their hands on as much money as possible, this means that they need to tax, print or borrow as much as possible. Effectively this means that they are on a mission to extract as much capital as possible from the markets. Capital extraction from markets always produces the same result: economic slow-down or decline and with it a decline in…
Lesson #127 - Politicians and Bureaucrats: Job Security Through Misery - Part 2
- Category: Lessons
- Hits: 2567
User Rating: 5 / 5
POLITICIANS CONT'D
Lies
As your representatives, they must appear to be listening to you and also their message must appear appealing and satisfying. They must act as if they were genuinely interested in your wishes and desires while at the same time ignoring you or (more likely) acting against you or your interests.
Furthermore, they must appear to be satisfying the demands from their represented people, while at the same time…
Lesson #126 - Politicians and Bureaucrats: Job Security Through Misery - Part 1
- Category: Lessons
- Hits: 3216
User Rating: 5 / 5
We despise politicians and bureaucrats, this is no secret. There are reasons for it and in this lesson we will tell you all about them.
Everything that we are going to scrutinize next is what they do simply to maintain their jobs and privileges. Yes, it is that crass and that simple. They do all that damage not to get fired and to keep their power; everything else is just…
Lesson #125 - We don’t need no stinking competition - Part 8
- Category: Lessons
- Hits: 2508
User Rating: 0 / 5
ANTI-COMPETITIVE PRACTICES - CONT'D
Boycott
Companies A, B and C agree not to purchase from manufacturer Q unless Q refuses to sell to company X which is in direct competition with A, B and C. This type of action would certainly raise prices. But raising prices fosters competition. Other companies will show up with other solutions, bypassing the manufacturer Q. A boycott does not work in the middle to long…
Lesson #124 - We don’t need no stinking competition - Part 7
- Category: Lessons
- Hits: 2576
User Rating: 0 / 5
ANTI-COMPETITIVE PRACTICES - CONT'D
Dumping
This is the practice to sell at a loss in order to bankrupt your competition or force it out of the market. Apparently, since this would obviously decrease competition it is bad.
To begin with, while dumping takes place who benefits? People. They get goods and services at below market prices. So, so far so good. For argument sake, let’s say that the evil company succeeds.…
Lesson #123 - We don’t need no stinking competition - Part 6
- Category: Lessons
- Hits: 2450
User Rating: 0 / 5
RUMMINATIONS ABOUT MONOPOLIES
Let us be clear. We are all for progress, the faster the better. Furthermore, we are for everybody’s progress, not just industrialists. However, because The Economy Cannot Be Forecasted, it requires a short cycle of improvements and innovations.
Capital is invested. New products and services are developed. The market is monitored to see how people respond to these changes. Accordingly, adjustments are made and the cycle…
Lesson #122 - We don’t need no stinking competition - Part 5
- Category: Lessons
- Hits: 2618
User Rating: 5 / 5
MONOPOLIES AND OLIGOPOLIES
What’s in it for them?
But why, why would a company willingly demand a regulation or a monopoly? For a monopoly, this is easy to answer: they can impose any price they want. But why a regulation? Simple. it raises the barriers to market entry for other competitors. It makes it much more difficult for other companies to compete against them. Established companies normally have a large…
Lesson #121 - We don’t need no stinking competition - Part 4
- Category: Lessons
- Hits: 2584
User Rating: 0 / 5
MONOPOLIES AND OLIGOPOLIES
Natural Monopolies and Oligopolies - Cont'd
And there is yet another problem. People say that only “essential” medical services should be provided for “free”. But then again, who defines what is “essential” and based on what criteria? Answer: the government (aka politicians). And then our question is why? Why should politicians dictate what is essential and what is not, considering that it is ourmoney they are…
