Another way of stating Say's Law of Markets is:
If I cannot sell my stuff, then I cannot buy anyone else's stuff either.
Thus, because the Predatory State took off with all his stuff, my friend Hola Singh could sell no tea yesterday - and some distiller lost, because Hola could not buy his daily tipple either.
Many vendors were out of business in this little market yesterday - the florist, the cigarette-wallahs, the fruitseller - and we can only guess how many other businessmen were hurt by the fact that so much "effective demand" went down.
So, the Lesson of the Day is:
Any enemy of the market is an enemy of every single businessman, all over the world.
The "all over the world" is pertinent - for, perhaps, if the going had been good, Hola Singh might have preferred a bottle of Bacardi to IMFL plonk. When all the "dance bars" in Mumbai were closed down, I am sure many Scotch whisky wallahs lost.
For maximum catallactic energy, the market must be FREE. Only then will what they call "economic growth" be maximised.
Now, it is a well-known fact that India scores miserably on the score of "economic freedom." Lots and lots of business opportunities are simply closed to us Indians - because of the bandar ke haath mein talwar syndrome.
Looking at his broken shop, now sans stove, kettles and pots, I told Hola Singh to get some bottles from the daaru-ka-theka and open a roadside bar instead - but that is illegal in Nude Elly. Hola Singh himself muttered something about getting two kilos of ganja and opening a chillum-smoking establishment - but that is illegal, too.
So, if we examine all the various ways by which wee the sheeple are kept unfree, we will surely discover that this tyranny considerably lowers demand for all other businesses. For example: If ganja-farming were legal, farmers in Kerala's Idikki district would be driving SUVs.
Thus, all this talk from the personnel of our The State about how their actions will "create economic growth" is simply bullshit. This State is in reality a growth dampener of very high order. The only way out for all of us is:
This morning, I thought of the historical example of the "Defenestration of Prague" - where they entered the government building and threw all the officials there out of the windows - and I was telling the people of this.
I really wonder how they will respond to this sort of repeated tyranny.
But I have hope. For, as one wise German once told me: "Where the people suffer, they change things."
And as Thomas Paine put it in Common Sense: "Government in its best state is but a necessary evil, and in its worst state an intolerable one."
I end with a quote from Mises - on how things go wrong:
If I cannot sell my stuff, then I cannot buy anyone else's stuff either.
Thus, because the Predatory State took off with all his stuff, my friend Hola Singh could sell no tea yesterday - and some distiller lost, because Hola could not buy his daily tipple either.
Many vendors were out of business in this little market yesterday - the florist, the cigarette-wallahs, the fruitseller - and we can only guess how many other businessmen were hurt by the fact that so much "effective demand" went down.
So, the Lesson of the Day is:
Any enemy of the market is an enemy of every single businessman, all over the world.
The "all over the world" is pertinent - for, perhaps, if the going had been good, Hola Singh might have preferred a bottle of Bacardi to IMFL plonk. When all the "dance bars" in Mumbai were closed down, I am sure many Scotch whisky wallahs lost.
For maximum catallactic energy, the market must be FREE. Only then will what they call "economic growth" be maximised.
Now, it is a well-known fact that India scores miserably on the score of "economic freedom." Lots and lots of business opportunities are simply closed to us Indians - because of the bandar ke haath mein talwar syndrome.
Looking at his broken shop, now sans stove, kettles and pots, I told Hola Singh to get some bottles from the daaru-ka-theka and open a roadside bar instead - but that is illegal in Nude Elly. Hola Singh himself muttered something about getting two kilos of ganja and opening a chillum-smoking establishment - but that is illegal, too.
So, if we examine all the various ways by which wee the sheeple are kept unfree, we will surely discover that this tyranny considerably lowers demand for all other businesses. For example: If ganja-farming were legal, farmers in Kerala's Idikki district would be driving SUVs.
Thus, all this talk from the personnel of our The State about how their actions will "create economic growth" is simply bullshit. This State is in reality a growth dampener of very high order. The only way out for all of us is:
THROW THE STATE OUT OF THE MARKET.
I really wonder how they will respond to this sort of repeated tyranny.
But I have hope. For, as one wise German once told me: "Where the people suffer, they change things."
And as Thomas Paine put it in Common Sense: "Government in its best state is but a necessary evil, and in its worst state an intolerable one."
I end with a quote from Mises - on how things go wrong:
It is a double-edged makeshift to entrust an individual or a group of individuals with the authority to resort to violence. The enticement implied is too tempting for a human being. The men who are to protect the community against violent aggression easily turn into the most dangerous aggressors. They transgress their mandate. They misuse their power for the oppression of those whom they were expected to defend against oppression. The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty. The essential characteristic of Western civilization that distinguishes it from the arrested and petrified civilizations of the East was and is its concern for freedom from the state. The history of the West, from the age of the Greek πολις down to the present-day resistance to socialism, is essentially the history of the fight for liberty against the encroachments of the officeholders.
LIBERTY!

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