Archives by Tag 'crisis'
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 […]