Mar 22, 2020, 11:24 AM
Questions:
Are we running barrel-making as a private corporation?
Or are we running the city as a private corporation?
Or are we running the state as a private corporation?
Or are we running the empire as a private corporation?
Or are we running the civilization as a private corporation?
Or are we running the world as a private corporation?
Let’s say we have 200 men working in barrel making. if some group wants to come into town and set up shop, or sell barrels within the town, what are the trade offs?
(a) Dilute the market they take away from the others in the town.
(b) Cause a reduction in prices if the prices are extractive
(c) Put everyone out of business by doing so and raise the cost of barrels produced elsewhere, and force the reconstitution of the industry internally.
Now, increase transportability. Rivers, ships, railroads, trucks, and the opportunity to compete across markets increases, and the opportunity to shift production increases because of it. … until you’re burning capital.
So my point being that unless you’re measuring capital rather than price you don’t know if your general rule is true.
Right now we’re seeing the fallacy of the utility of globalism: fragility. Well, we’re also seeing the fallacy of the utility of urbanism. Fragility and risk.
Thinking this process through will generally cause us to break our bad habits by failing full accounting.