When Conventional Success Is No Longer Possible, Degrowth And The Black Market Beckon
by Charles Hugh-Smith
ZeroHedge.com
02/07/2014
The problem for the state is that its success in imposing exorbitant fees and taxes will simply drive low-income people scratching out a minimal living in the gray market to other networks that do not even have a corporate structure to tax. To wit: “The more you tighten your grip, the more systems will slip through your fingers.” Phantom economies tend to give rise to gray and black markets in proportion to the deviance of the phantom economy from reality.
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