Monday, April 25, 2016
Patient world vs Goldman world
Bloomberg says "analysts" were surprised that Persia has returned to its pre-sanctions oil production levels after a couple months. "Analysts" assumed that it would take a year to get running again, and assumed that pre-sanction levels couldn't be resumed.
Graybill's Law. The "analysts" are operating in a free-trade Goldmanized world. In Goldman-occupied territory, any industry that fails to bring infinite returns to Goldman is permanently shut down, and the equipment and skills are smashed.
Patient Persia was forced to operate in non-free-trade mode, and certainly wouldn't let Goldman occupy it under any conditions. Patient Persia was focused on self-sufficiency, not infinite Goldman share value. Persia maintained its equipment and skills so it wasn't hard to bring the system back up to full operation.
Labels: skill-estate
¶ 4:29 AM
