From: Jim Choate <ravage@EINSTEIN.ssz.com>
Date: Sat, 7 Nov 1998 08:10:26 +0800
To: cypherpunks@EINSTEIN.ssz.com (Cypherpunks Distributed Remailer)
Subject: RE: dbts: Privacy Fetishes, Perfect Competition, and the Foregone (fwd)
Message-ID: <199811062338.RAA00510@einstein.ssz.com>
MIME-Version: 1.0
Content-Type: text



Forwarded message:

> Date: Fri, 6 Nov 1998 12:34:34 -0500
> From: Petro <petro@playboy.com>
> Subject: RE: dbts: Privacy Fetishes, Perfect Competition, and the Foregone
>  	 (fwd)

> 	Assuming your definition of "free market" is "a market without
> regulation", you can't have a black market in a free market since a black
> market is trade in violation of regulations.

Actualy a black market is usualy goods gotten through theft or other illegal
means, not necessarily anything related to how or what is sold. If you don't
corrupt free-market to include legitimizing theft as a viable market
strategy then yes, you can in fact have a black market in a free-market.

Let's consider auto-theft. The issue isn't that you can't buy the car
through legitimate means, it just means you have to have more resources than
you have. So what do you do? You find somebody whose stolen a vehicle and is
willing to sell it to you at a discount.

> 	In other words, a Black market is when you trade either illegal
> goods illegally, or legal goods illegally.

Too strict and unrealistic a definition of black market.

> 	If there are no illegal goods, and there is no regulations limiting
> trading, then the black market cannot exist.

Of course not since we've now legitimized theft and murder with your
definition.


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