What is the state really efficient at? In creating black markets!
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47 sats \ 1 reply \ @7e6e393a56 15 Dec
Sectors of the economy typically occupied by organized crime: prostitution, gambling, loan sharking, narcotics and unions. What do all these sectors have in common? Simple, either they are heavily regulated by the state, or they are simply prohibited by it. In contrast, in sectors that are relatively free from government interference, organized crime does not take hold. Massive state interference will always be correlated with the black market
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20 sats \ 0 replies \ @TomK OP 16 Dec
Good explanation. Thanks
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47 sats \ 1 reply \ @geeknik 15 Dec
The state excels at two things: currency debasement and taxation. Everything else is consensual hallucination.
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0 sats \ 0 replies \ @TomK OP 16 Dec
Yep
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47 sats \ 0 replies \ @JesseJames 15 Dec
They are very efficient in devaluating their currency (which they said will stay the same) and taxing you to oblivion. Gotta give them that. They do that very well... :-)
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47 sats \ 1 reply \ @DawnoftheDead 15 Dec
I just read that Ukraine has identified a shadow fleet of nearly 300 russian tankers. But such an amount of tankers is not a shadow fleet, thats an independent/separate economy imo. Just wanted to get that off my chest. Have a nice day.
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0 sats \ 0 replies \ @TomK OP 16 Dec
You too. Good point though
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47 sats \ 2 replies \ @Satosora 15 Dec
Arent black markets what make the real world flow?
I heard the black market after ww2 was incredible.
Admin is usually pretty useless, though.
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20 sats \ 1 reply \ @TomK OP 15 Dec
Yes. They are the answer on gov overreach
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0 sats \ 0 replies \ @Satosora 15 Dec
And during a recession, that is always the section that is cut first.
Not the janitors or teachers, the admin.
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