Consumer Terrorism

Anyone who takes an economics course quickly discovers the folly of command market systems. In their attempt to equilibrate supply and demand, they always fall victim to the natural tendency of over- or underspeculation. Necessarily, these political economies fall (as in the case of the U.S.S.R.) or reinvent themselves (as in the case of modern China). And yet, despite the economic system, whether the intent is to create and regulate a monopoly (as socialist countries attempt to do) or to facilitate as much competition as possible (as is the intent of pure capitalism) never has a government been able to rid itself of monopolies.  Read More »