The Baptists And Bootleggers - Deepstash
The Baptists And Bootleggers

The Baptists And Bootleggers

Economists have observed 2 classes of people perpetuating the moral panic (with examples from the prohibition of 1920s):

  • Baptists - the true believer social reformers who legitimately feel that new restrictions & regulations are required to prevent societal disaster. For alcohol prohibition, these were often literally devout Christians who felt alcohol was destroying society.
  • Bootleggers - the opportunists who stand to profit by the imposition of new restrictions that insulate them from competition. In 1920, they were the ones selling illicit alcohol when legitimate sales were banned.

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vladimir

Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.

Mark Andreessen packs so much in this rebuttal of AI doomerism. A pleasure to read.

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