“economics”
65 posts under this tag.
A tiny example of context wealth creation.
A couple of months ago a prim little supermarket called Merkabastos opened 2 minutes away from my house. The store has been deservedly a hit around the neighborhood and now it battles with the oh-so-common problem of finding parking space for its customers.
Enter a pretty much vacant lot right across the street. Thru the years I’d seen it remain unused until some years ago it began to store construction machinery, and some years later they put a billboard on it (whose first customer, I might add, was the table dance on the other side of the beltway).
Anyway, what was bound to happen, happened: the Merkabastos management are renting the place as a parking lot for their customers and I find it amusing to think that the owner of the lot didn’t need to lift a finger to start earning a rent for her barren property.
But the strongest outrage was reserved for the film’s final scene, in which Gallo’s character finally meets up with his ex-lover (Chloë Sevigny), and she performs unsimulated fellatio upon him.. Sevigny, already known for taking on controversial roles, had been a real-life girlfriend of Gallo’s. Notably, after the film’s release, the William Morris Agency dropped her as a client, claiming the scene made her unmarketable; she quickly signed with another agency and has continued her acting career despite fears to the contrary.
The quiet last line of this paragraph is a pearl of capitalist freedom that could so easily pass unnoticed, taken-for-granted. If Chloë was able to do what she did was only because she wasn’t tied to prude William Morris, one of the largest talent agencies in the world; it was only because there were other agencies more than willing to take her in.
Our freedom of choice in a competitive society rests on the fact that, if one person refuses to satisfy our wishes, we can turn to another. But if we face a monopolist we are at his mercy.
Friedrich Hayek, The Road to Serfdom
What a wonderful world to live in, isn’t it? One in which puritans can be self-righteous while we enjoy watching a purdy gal blow her ex-boy.
Platicaba antier con Adolfo en el Starbucks cerca del TEC y como enseguida tenia el una conferencia sobre la pobreza, decidi acompañarlo. Me dio mucho gusto ver que la conferencia la organizaba y conducia Lalo, uno de los mejores maestros de mi prepa, pero la conferencia en si fue perfectamente olvidable: los mismos lugares comunes de siempre, el mismo rollo, el mismo izquierdismo self-righteous, los mismos rezagos ancestrales, las mismas discusiones bizantinas (Cuantos tipos de pobreza hay? Son mejores los programas universalistas que los focalizados? Como definimos indigena? Cuantos angeles caben en la cabeza de un alfiler?).
En medio del choro mareador de uno de los ponentes oi la gastadisima frase “inequidad en la distribucion de la riqueza” y alguna minuscula sinapsis debio unir a dos neuronas olvidadas, pues vi de repente la concepcion (en mi opinion erronea) de la riqueza que esa oracion implicaba. Ya en mi casa repase los ensayos de Paul Graham y, efectivamente, es un ensayo suyo, Mind The Gap, el que maravillosamente desenmascara y desacredita esta concepcion (que el llama el Modelo Papi de la Riqueza):
When I was five I thought electricity was created by electric sockets. I didn’t realize there were power plants out there generating it. Likewise, it doesn’t occur to most kids that wealth is something that has to be generated. It seems to be something that flows from parents.
Because of the circumstances in which they encounter it, children tend to misunderstand wealth. They confuse it with money. They think that there is a fixed amount of it. And they think of it as something that’s distributed by authorities (and so should be distributed equally), rather than something that has to be created (and might be created unequally).
En fin, se lo comente a Adolfo (rayandole su cuaderno) y el me contesto con su ya famoso “Ashh…”©, pero aun asi me motivo a hacerles el comentario a los ponentes (darle valor a otra gente es la cosa mas facil del mundo). Cuando (dei gratia) acabo la conferencia y llego la hora de las preguntas, dije lo siguiente (o algo muy parecido, el original quedo escrito en la libreta de Adolfo):
Que tal Lalo? ... Bueno, lo mio no es una pregunta sino un comentario breve. Se me hace curioso, y es algo tipico de los academicos, la forma en que articulan su pensamiento sobre la pobreza. Dicen cosas como “la inequidad en la distribucion de la riqueza”, como si la riqueza fuera un pastel que le toca a papa gobierno distribuir, y nunca “inequidad en la generacion de riqueza”. Bueno… eso es todo. Sobretodo para… que lo piensen.
Silencio. Mi corazon golpeteaba y yo solo agradecia no haber tartamudeado severamente. Creo que oi un “Uhhhhhh” de “Tomen eso!” de alguien del auditorio. Adolfo dice que oyo un aplauso aislado. Mas silencio. Lalo interviene, levantando por fin su mirada de mi y llevandola al punto de fuga, “Alguien mas tiene otra pregunta?”.
Haciendo mandados, me toco platicar hoy con una señora que dirige un cibercafe mientras los dos haciamos fila. Le pregunte sobre su negocio y dos cosas me llamaron mucho la atencion. La primera es que un cibercafe gasta mas, mucho mas, en luz que en el internet mismo. Mientras que esta señora pagaba 650 pesos por internet al mes, la luz le salia de 2,600 a 3,000 pesos—casi 5 veces mas. Asi que lo que uno paga es mas bien la electricidad, no el internet. En vez de cibercafes deberian pues llamarlos electrocafes.
La otra cosa que me intereso fue que los cibercafes locales se aliaron para fijar el precio minimo por una hora de internet (12 pesos, si mal no recuerdo). Que, segun eso, a menos no les sale. Lo que no alcanzo a entender es porque necesitan imponer un precio minimo. Si alguien lo da a ese precio y no le sale, pues alla su problema si quiere regalar su dinero, no? Me recuerda una platica con un taxista que me decia que si no estuvieran restringidas las licencias para taxis, habria tanta competencia que ya para nadie saldria. Sera?
Bueno, hubo una cosa mas, una meta-cosa, que tambien me llamo la atencion en la platica: cuanto puede enseñarte una conversacion casual sobre esferas tan distantes a las tuyas.
The other day I had a weird idea for a reputation market (that’s right, a reputation market!) and ever since, I’ve been exploring how value is created and expressed in a capitalist society. My investigations have led me, of course, to that quintessential example of wealth-creation, the scam. Nothing that I’ve read on the subject (not even the Million Dollar homepage :) has impressed me more than this long, old, but fascinating article: Have You Ever Tried to Sell a Diamond?
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