Monopoly Plus Quotes

M + D = C, Monopoly plus Discretion equals Corruption

No king could move safely or effectively without the support of such organized 'higher knowledge,' any more than the Pentagon can move today without consulting its specialized scientists, technical experts, games theorists and computers-a new hierarchy supposedly less fallible than the entrail-diviners, but, to judge by their gross miscalculations, not notably so. To be effective, this kind of knowledge must remain a secret priestly monopoly. If everyone had equal access to the sources of knowledge and to the system of interpretation, no one would believe in their infallibility, since their errors could then not be concealed. Hence the shocked protest of Ipu-wer against the revolutionaries who overthrew the Old Kingdom in Egypt was based on the fact that the "secrets of the temple lay unbared"; that is, they had made 'classified information' public. Secret knowledge is the key to any system of total control. Until printing was invented, the written word remained largely a class monopoly. Today the language of higher mathematics plus computerism has restored both the secrecy and the monopoly, with a consequent resumption of totalitarian control.

But the smaller profit margins, plus the lure of easier money to be made by producing more lucrative items, drove some of these manufacturers to quit making older cheap drugs, thereby handing near monopolies to those who remained in the market.

Tip: Like everywhere else in Europe (except the UK and Switzerland), the Netherlands uses the euro. What is up with you, UK and Switzerland? Euros are super cute! The bills look just like Monopoly money, plus they have coins instead of one- and two-dollar bills that accumulate in your pocket and can be used to buy a pair of wooden clogs. Kidding! Don't buy a pair of wooden clogs. You'll never wear them, and they are way too heavy to carry around in your bag.

Net wages: “It’s not what you make, but what you net” after paying the FIRE sector, basic utilities and taxes. The usual measure of disposable personal income (DPI) refers to how much employees take home after income-tax withholding (designed in part by Milton Friedman during World War II) and over 15% for FICA (Federal Insurance Contributions Act) to produce a budget surplus for Social Security and health care (half of which are paid by the employer). This forced saving is lent to the U.S. Treasury, enabling it to cut taxes on the higher income brackets. Also deducted from paychecks may be employee withholding for private health insurance and pensions. What is left is by no means freely available for discretionary spending. Wage earners have to pay a monthly financial and real estate “nut” off the top, headed by mortgage debt or rent to the landlord, plus credit card debt, student loans and other bank loans. Electricity, gas and phone bills must be paid, often by automatic bank transfer – and usually cable TV and Internet service as well. If these utility bills are not paid, banks increase the interest rate owed on credit card debt (typically to 29%). Not much is left to spend on goods and services after paying the FIRE sector and basic monopolies, so it is no wonder that markets are shrinking. (See Hudson Bubble Model later in this book.) A similar set of subtrahends occurs with net corporate cash flow (see ebitda). After paying interest and dividends – and using about half their revenue for stock buybacks – not much is left for capital investment in new plant and equipment, research or development to expand production.