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Gsxrnz

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Posts posted by Gsxrnz

  1. 1 minute ago, hotchilli said:

    Can you imagine what would happen if they allowed casino's in Thailand.

    Yeah that would be fun for sure.  I suspect the laws of supply demand would dictate the outcome as it always does.

     

    The supply of black money would still be the same or would at least only increase with inflation and improved productivity. Demand would follow within the bounds of one statistical standard deviation and that would be self balancing over time.

     

    However it is the vehicles of production and consumption that would change.  X billion baht now laundered through activity A if offered better returns through being laundered via activity B will move to activity B,  Activity A must then reprice to compete with B, and so on and so forth. Capitalism in motion.

     

    In reality, the businesses of graft and corruption are probably the only remaining activities that truly reflect Adam Smith's capitalist theory - the reason being that governments get less of a chance to interfere.

     

    Let's not discuss the legitimacy of government because governments are not legitimate.

    • Like 1
  2. 23 minutes ago, Tracyb said:

    What was that famous quote from French Royalty?  Oh ya, “Let them eat cake!”

     

    Now, where is “Madame Defarge” hanging out?

    She's probably sitting outside a shuttered bar in WS, knitting in hand.  

     

    Actually a great book, probably one of Dickens' best IMHO.  Certainly one of the greatest love stories of the ultimate sacrifice a man can make for a woman, and unrequited at that.  But apparently we are only misogynists - go figure.

    • Like 1
  3. 56 minutes ago, hotchilli said:

    Some of these owners must have deep pockets. They've been sitting around all these months waiting for a re-opening of the old Walking street.

    No new business model or idea to open as something else.

    Just wait for the old to return.

     

    Good business advice, but when the primary purpose of your business is money laundering, you need a secondary purpose as the front for the laundry. If the doors are shut the washing machines can't run.

     

    If the doors are open and you have next to no customers, no problem for the laundry.  As long as they can display paperwork for the outputs and inputs that never occurred they can wash the money, pay their tax and have 50-70% free and clear.

     

    Not being allowed to open the doors and turn on the lights presents them with legitimacy issues that are difficult to hide, even in Thailand.

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