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June 22nd, 2006

Monstrous Moral Hybrids

In Systems of Survival, the late Jane Jacobs pointed out that when government takes control of commerce, the problems of Soviet Communism may arise: severe lack of competition, innovation, and incentive. When commerce takes control of government, the result may reflect the worst abuses of notorious “company towns”, where workers can become indistinguishable from slaves; it is also likely then that consumers will suffer from higher prices, unchecked deception, and lack of competition.

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