"western governments currently do not intend to nationalise swathes of industry. Instead, they wish to regulate them"
One notable hazard accelerating our problems at the moment is the type of mega corporation that encourages regulation, in order to make it cost prohbitive for new entrants to their market. A significant factor driving the top 10% of shipping companies to encourage obscenely expensive environmental regulation upon their own industry. Every time a guardian author accusingly or sneeringly says the words 'casued by deregulation', an entrepreneurial fairy dies.
They say hate the game, not the players. But at this fascistic moment in time, many corporations are an extension of the state, and an accessory to the crime.
Great article Tim . Currently reading" Roosevelt Sweeps Nation : FDR's 1936 Landslide and the Triumph of The Liberal Ideal " by David Pietrusza . striking similarities to current political upheaval
I believe Jim Grant wrote a book about the 1921 Depression which only lasted a year or so ... the fed raised interest rates apparently and that cleaned out the system. I’ve not yet read but I’ve heard him speak about it.
"western governments currently do not intend to nationalise swathes of industry. Instead, they wish to regulate them"
One notable hazard accelerating our problems at the moment is the type of mega corporation that encourages regulation, in order to make it cost prohbitive for new entrants to their market. A significant factor driving the top 10% of shipping companies to encourage obscenely expensive environmental regulation upon their own industry. Every time a guardian author accusingly or sneeringly says the words 'casued by deregulation', an entrepreneurial fairy dies.
They say hate the game, not the players. But at this fascistic moment in time, many corporations are an extension of the state, and an accessory to the crime.
Well said.
Lest strangers be filled with thy wealth:
and thy labors be in the house of a stranger .
proverbs 5:10
Great article Tim . Currently reading" Roosevelt Sweeps Nation : FDR's 1936 Landslide and the Triumph of The Liberal Ideal " by David Pietrusza . striking similarities to current political upheaval
Thank you, Ellen. A friend has also mentioned 'Three New Deals' which suggests that the rise of fascist technocracy is hardly novel: https://mises.org/library/three-new-deals-why-nazis-and-fascists-loved-fdr
Government isn’t the solution to our problems, government is the problem
So to sum up, “government sux” :)
I believe Jim Grant wrote a book about the 1921 Depression which only lasted a year or so ... the fed raised interest rates apparently and that cleaned out the system. I’ve not yet read but I’ve heard him speak about it.
I’m fishing in Aussie coal and Canadian energy.
Or to put it another way, favour cheap and essential real assets over expensive and doomed paper liabilities.