Category 3. Business

A Pro-Regulation Post(!)

John Maynard Keynes famously parried a question about the possibly adverse long term effects of some policies he was recommending by remarking, “In the long run, we’re all dead.” Decades later, in reference to Keynes’s comment, William F. Buckley, Jr. quipped “Well, now he’s dead, we’re not, and we’re living with the consequences of his mistakes.”

Buckley’s retort highlights what should be, but all too often isn’t, an ongoing constraint on decisions by governments and businesses: a consideration of the possible consequences of their choices out beyond the personal horizons of the individuals who are directly involved...

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Follow the Money…

Lenin is said to have remarked that “When it comes time to hang the capitalists, they will vie with each other for the rope contract.” The behavior of Western elites in recent years affirms the shrewdness of his prediction; we have been selling an awful lot of rope to China.  

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It’s more complicated than that, you say: nobody in China wants to hang American businesspeople. Fair enough, they don’t. Provide the American business people with cheap labor and sell American consumers things, sure; not kill them.

Oh, one has to put up with a certain amount of IP theft to do business with the Chinese, to be sure, but the upside is there: cheap labor, great logistics and an enormous potential market...

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