‘... price is the one ring to rule them all. it determines production, consumption, investment, trade offs, and time preference. it’s the entirety of the ball game.’
Which is why anything provided by Government has no price so only political interests rule. But anything provided by Government is a non-contestable monopoly so price would still not rule. (Odd that isn’t it? All Governments are against monopolies as being bad for consumers... except their own monopolies which are best for consumers, particularly the convenient, ubiquitous ‘poor’.) And no price means there is no way of assessing efficiency, which could otherwise easily be assessed by subtracting cost from market price... aka profit/surplus. On a positive note: BlackRock has lost $1.7 trillion of clients’ money in six months, in part due to a lot of US Red states pulling investments because of ESG. “LONDON — A former BlackRock executive has outlined why he now thinks that sustainable investing is a “dangerous placebo that harms the public interest,”
You don’t say. Go woke, go broke - strikes again!
Oct 24, 2022
at
12:32 PM
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