The Wrong People Run the Economy
A month or so ago, I went to five different stores before I found the kind of cat food our cats like. My wife searches the grocery store for the canned soup I enjoy. A fellow I know who likes ball games and hot wings complains bitterly about the shortage of chicken wings in our local markets.
The supply chain, she is broken, says the television.
At the same time, heroin (and its rowdier cousin fentanyl) continue to be available all over my urban neighborhood. I never thought there would come a time when it was easier to buy crack cocaine than it is to buy tuna and cheese blend cat food.
I have to admit that junkies are far more cooperative than cats. If it's white and powdery, the junkies will at least TRY to shoot it into their veins. Cats, on the other hand, will not eat something just because it's cat food.
Still, you have to admire the illegal drug business.
Almost everything I eat or drink has gotten worse-tasting or more expensive than it was in 1980. Illegal drugs, on the other hand, are far more potent and less expensive than they were in 1980.
Off the port of Los Angeles, container ships full of microchips, Christmas decorations, car parts and other things we need rock gently at anchor while, on shore, an ant hill of inactivity stumbles and bumbles trying to get the stuff ashore and onto trucks.
Fentanyl made in China and heroin made from Afghan poppies is not stacked up anywhere. It's flowing into the country like water through a fast mountain stream. No bottlenecks. No increase in price. No limit on how many bags you can buy. What pandemic? Business as usual!
The entire illegal narcotics industry is a tribute to how well a business can perform with no regulation at all, a fact that should make my libertarian friends happy since it proves that business runs best without interference.
Of course, the illegal drug business frequently produces products that are literally poison, but their customers keep buying anyway because they're addicted. No regulations, and customers who can't stop buying is the dream of every industry in the world.