Re: the future long term financial apocalypse of the USA

On Tue, 21 May 2024 23:51:45 +0200, D <nospam@example.net> wrote:

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On Tue, 21 May 2024, Dimensional Traveler wrote:
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On 5/21/2024 12:10 PM, William Hyde wrote:

D wrote:

 
 
On Mon, 20 May 2024, William Hyde wrote:
 

D wrote:
 

 
The only regulation that is necessary for two people to transact is what
they agree upon.

 
 
This being  a science fiction newsgroup, let's consider your decisions
when you are sent back to London in 1870.
 
You are hungry, and want some bread.
 
Which of the following do you expect to find in your bread?
 
(1) Grain
(2) Yeast
(3) Chalk
(4) Alum
(5) Plaster of Paris.
 
Do you "agree" with the bakery that you want Alum in your bread? Do you
even know it is there?   In what sense is your consumption of Plaster of
Paris an agreed upon transaction if you have no way of knowing it is
there?
 
Full of nourishing wheat with extra chalk, you  rent a room in a new
building with cheerful bright wallpaper.
 
How much Arsenic is in the room?
 
(1) Trace amounts
(2) One pound
(3) Two pounds
(4) Three pounds
(5) Four pounds
(6) Five pounds.
 
At what point did you agree to  rent a room infused with 3.7 pounds of
Arsenic? For that matter, did your landlord agree to poison his tenants
when he bought the wallpaper, or did the manufacturer keep silent on just
how much Arsenic was needed for those vivid colours?
 
 
 
 
William Hyde

 
Needless to say, it is not very good business strategy to poison your
customers.

 
Your conclusion is contradicted by reality.  This strategy worked for
decades, and in other contexts, works now.
 
 
>
  I think that is all I will say about this thought experiment.
 
 
Aside from the time travel, this all happened.  There was plaster of Paris
in the bread, Arsenic in the wallpaper.
 
Nobody asked for this, nobody wanted it, but they got it.  Free market!
 
 

If you _really_ would like to seriously explore the why and how,

 
Oh, I love that "really".  After "really" ignoring the facts I gave above,
you point me to "excellent books".
 
The facts of history directly contradict your claims.  But you prefer
theory.
 

Correction, he prefers fairy tales.

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No, as explained in previous message. But let's ban governments, they kill
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.
--
"Here lies the Tuscan poet Aretino,
Who evil spoke of everyone but God,
Giving as his excuse, 'I never knew him.'"