Ibian
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February 25, 2018, 05:10:05 PM

Adam Smith was right. Stop trying to control things and everything works out. So there is only one shovel maker? That means their products are functional and their prices are reasonable. The moment either of those stop being the case, someone else will overtake them.

The invisible hand only works if there are no hidden hand-choppers, like unnaturally high entry barriers to the business or vast discrepancies in the price of energy.
Alright, point them out.
I'll point out just one: delayed access to leading edge mining hardware. A jus primae noctis of sorts, imposed by the lord to the commoners.
You're saying nobody else can make something on par? Why not?