Archive for August 11th, 2009

China Rising, Rent-Seeking Version « The Baseline Scenario

By etrigan - Last updated: Tuesday, August 11, 2009

China Rising, Rent-Seeking Version « The Baseline Scenario. The sector has devoted great resources to tilting all playing fields in its direction. Consumers are taken advantage of; consumer protection is vehemently opposed. And great risks are taken, with the downside handed off to the government (and the consumers again, as taxpayers). I hereby propose that […]