BoberFett
Lifer
- Oct 9, 1999
- 37,562
- 9
- 81
Supply and demand applies to coercive power unless there is an authority to regulate it out, so a free market may purchase an unfree one beneath it through the purchase of coercion.
A government was demanded. A government was supplied. For its existence to not suffer from market failures it had to be coercive, so coercive powers were purchased. Yee marketed himself as being able to supply a continuation of government services. His services were purchased. He then sold shares in his monopoly power.
That the continuation of the government is coercive doesn't change that his sale of his influence was not. He did not use the government to steal the bribe money, he sold government power for money. He was in possession of a resource and he voluntarily exchanged it for money. The free market at work!
The training dummy speaks again.
