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From: Paul S Person <psperson@old.netcom.invalid>
Newsgroups: rec.arts.sf.written
Subject: Re: the future long term financial apocalypse of the USA
Date: Wed, 22 May 2024 08:31:52 -0700
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On Tue, 21 May 2024 23:51:45 +0200, D <nospam@example.net> wrote:

>
>
>On Tue, 21 May 2024, Dimensional Traveler wrote:
>
>> On 5/21/2024 12:10 PM, William Hyde wrote:
>>> D wrote:
>>>>=20
>>>>=20
>>>> On Mon, 20 May 2024, William Hyde wrote:
>>>>=20
>>>>> D wrote:
>>>>>=20
>>>>>>=20
>>>>>> The only regulation that is necessary for two people to transact =
is what=20
>>>>>> they agree upon.
>>>>>=20
>>>>>=20
>>>>> This being=A0 a science fiction newsgroup, let's consider your =
decisions=20
>>>>> when you are sent back to London in 1870.
>>>>>=20
>>>>> You are hungry, and want some bread.
>>>>>=20
>>>>> Which of the following do you expect to find in your bread?
>>>>>=20
>>>>> (1) Grain
>>>>> (2) Yeast
>>>>> (3) Chalk
>>>>> (4) Alum
>>>>> (5) Plaster of Paris.
>>>>>=20
>>>>> Do you "agree" with the bakery that you want Alum in your bread? Do=
 you=20
>>>>> even know it is there?=A0=A0 In what sense is your consumption of =
Plaster of=20
>>>>> Paris an agreed upon transaction if you have no way of knowing it =
is=20
>>>>> there?
>>>>>=20
>>>>> Full of nourishing wheat with extra chalk, you=A0 rent a room in a =
new=20
>>>>> building with cheerful bright wallpaper.
>>>>>=20
>>>>> How much Arsenic is in the room?
>>>>>=20
>>>>> (1) Trace amounts
>>>>> (2) One pound
>>>>> (3) Two pounds
>>>>> (4) Three pounds
>>>>> (5) Four pounds
>>>>> (6) Five pounds.
>>>>>=20
>>>>> At what point did you agree to=A0 rent a room infused with 3.7 =
pounds of=20
>>>>> Arsenic? For that matter, did your landlord agree to poison his =
tenants=20
>>>>> when he bought the wallpaper, or did the manufacturer keep silent =
on just=20
>>>>> how much Arsenic was needed for those vivid colours?
>>>>>=20
>>>>>=20
>>>>>=20
>>>>>=20
>>>>> William Hyde
>>>>=20
>>>> Needless to say, it is not very good business strategy to poison =
your=20
>>>> customers.
>>>=20
>>> Your conclusion is contradicted by reality.=A0 This strategy worked =
for=20
>>> decades, and in other contexts, works now.
>>>=20
>>>=20
>>>
>>>  =A0I think that is all I will say about this thought experiment.
>>>=20
>>>=20
>>> Aside from the time travel, this all happened.=A0 There was plaster =
of Paris=20
>>> in the bread, Arsenic in the wallpaper.
>>>=20
>>> Nobody asked for this, nobody wanted it, but they got it.=A0 Free =
market!
>>>=20
>>>=20
>>>> If you _really_ would like to seriously explore the why and how,
>>>=20
>>> Oh, I love that "really".=A0 After "really" ignoring the facts I gave=
 above,=20
>>> you point me to "excellent books".
>>>=20
>>> The facts of history directly contradict your claims.=A0 But you =
prefer=20
>>> theory.
>>>=20
>> Correction, he prefers fairy tales.
>
>No, as explained in previous message. But let's ban governments, they =
kill=20
>far more people historically, than modern businesses.

Which is to say, /well-regulated/ businesses.

Which are /not/ the sort of businesses you idolize. The sort of
businesses /you/ idolize are the ones adulterating food and imposing
as much of their costs as possible on other people. Among many other
bad -- not for business, but for the rest of us -- practices.
--=20
"Here lies the Tuscan poet Aretino,
Who evil spoke of everyone but God,
Giving as his excuse, 'I never knew him.'"