Thank God for video editing tools.
They have democratized the creation of documentaries short and long.
The video above is a recent one I bumped into, thanks to Joel Smalley.
I though it worth capturing here and increasing its reach.
I’ve watched it a couple of times, and each time I think of the word Cartel.
I asked ChatGPT about cartels:
A cartel is a group of businesses or organizations that join together to control and manipulate the production, distribution, and pricing of a particular product or service. Cartels are typically formed by companies in the same industry, and they work together to increase their profits by reducing competition and increasing prices. Members of a cartel agree to limit their production or output, divide up the market among themselves, and fix prices at a high level. Cartels are usually illegal and are considered a violation of antitrust laws in many countries, as they reduce consumer choice and increase prices for consumers.
A cute, true answer, but lacking in several important ways.
So, I asked it if a government can be part of a Cartel:
Yes, a government can be part of a cartel, although this is relatively rare and typically occurs in authoritarian regimes or countries with weak rule of law. In such cases, the government may use its power to restrict competition and favor certain companies or industries, effectively creating a cartel. This can be done through various means, such as granting monopolies or exclusive licenses, setting production quotas, or controlling access to key resources. However, such actions are often criticized as being anticompetitive and harmful to the economy and consumers, and are typically illegal in countries with robust antitrust laws.
True and cute again, except no longer rare and no longer illegal.
I asked it for some examples of cartels:
1. OPEC (Organization of the Petroleum Exporting Countries) - OPEC is a well-known example of a cartel that was formed in 1960 by oil-producing countries to control the global oil market. The member countries agreed to limit their oil production and coordinate their pricing policies to maintain high prices.
2. De Beers - De Beers is a diamond company that established a near-monopoly on the global diamond market in the late 19th and early 20th centuries. The company controlled the supply of diamonds, which allowed it to control prices and maximize profits.
3. Phoebus Cartel - The Phoebus Cartel was a group of light bulb manufacturers that was formed in the 1920s to limit competition and standardize the lifespan of light bulbs. The cartel agreed to reduce the lifespan of light bulbs from around 2,500 hours to 1,000 hours, which allowed the manufacturers to sell more bulbs and increase their profits.
Well, I learned something new, I had no idea there had ever been a light-bulb cartel.
What about regulatory capture?
1. The revolving door between the financial industry and regulatory agencies - This is a well-known example of regulatory capture in which regulators in the financial sector are often former employees of the industry they are meant to regulate. This revolving door can lead to a situation where the regulatory agency becomes too closely aligned with the industry, leading to lax regulation and enforcement. This was seen in the lead-up to the 2008 financial crisis, where regulators failed to adequately oversee the risky practices of banks and financial institutions.
2. The Federal Communications Commission (FCC) and the telecommunications industry - The FCC is tasked with regulating the telecommunications industry in the United States. However, there have been instances of regulatory capture, with the agency becoming too closely aligned with the industry it regulates. This has led to a situation where the agency has been criticized for being too friendly to large telecommunications companies, leading to limited competition and higher prices for consumers.
3. The US Environmental Protection Agency (EPA) and the coal industry - The EPA is responsible for enforcing environmental regulations in the United States. However, there have been instances of regulatory capture, particularly in the case of the coal industry. The EPA has been criticized for being too lenient on coal companies and for failing to adequately regulate the environmental impacts of coal mining and combustion. This has led to increased pollution and negative health impacts for communities living near coal mines and power plants.
But what about the FDA and the CDC?
The FDA (Food and Drug Administration) and the CDC (Centers for Disease Control and Prevention) are both regulatory agencies in the United States that are responsible for protecting public health. While there have been some concerns about regulatory capture at these agencies, they have generally been viewed as having a high degree of independence and prioritizing public health over the interests of industry.
However, there have been some instances of potential regulatory capture at these agencies. For example, there have been concerns about the FDA's relationship with the pharmaceutical industry, with some critics alleging that the agency has been too lenient in its approval of certain drugs and medical devices. There have also been concerns about the CDC's relationship with the tobacco industry, with some critics alleging that the agency has been too slow to take action on the health risks associated with smoking.
Despite these concerns, it is worth noting that both the FDA and the CDC have a long history of prioritizing public health and safety, and they have implemented a number of important regulations and initiatives that have had a positive impact on public health. Nonetheless, it is important to remain vigilant about the potential for regulatory capture at these and other regulatory agencies, and to hold them accountable to the public interest.
This is one of the many problems with ChatGPT. It will lie to your face and do it convincingly.
We are going to need AI that itself is not captured.
I’m remined of Toby Rogers August 2022 stack, “They”:
And where I came out is that I think our society is guided by three values:
Idolatry (these people think that they are gods and they really like playing god);
Domination (these people gain pleasure from power over others, in their worldview everyone and everything is an object to be conquered); and
Tribalism (these people operate from the belief that their group must win at all costs, the dendrites necessary to get along with others are dead).
When you combine idolatry, domination, and tribalism, what you get is Pharma Fascism throughout the developed world.
Which brings me to Toby’s excellent outline of the many cartels roaming the planet.
The U.S. is controlled by ten cartels - by Toby Rogers (substack.com)
Big Pharma
(Pfizer, Merck, GSK, Moderna, Sanofi, J&J, AstraZeneca)
Controls the FDA and CDC.
Result: Junk science is laundered and given the government seal of approval. Toxic, deadly, and expensive drugs flood the market causing widespread iatrogenic injury. Vaccines that cause net harms are mandated for school. Over 50% of the population suffers from chronic illness resulting from iatrogenic injury. Widespread Covid vaccine injury causes supply chain shortages, inflation, and impaired military readiness.--
This is who rules over us.
They have interlocking boards of directors to coordinate their actions.
The U.S. government now exists to serve the interests of these cartels.
Any bureaucrat who challenges the power of these industries will be removed.
Any politician who challenges the power of these industries will be met with a well-funded opponent in the next election.
Those who work for these industries do better financially than those who do not.
Those who challenge these industries live on the margins and are under constant surveillance and threat.
Our culture warps itself around these industries to normalize their existence even as they are killing us and destroying our country and the world.
The peasants are pitted against each other in endless culture wars to distract us from our gradual (or not so gradual) enslavement.
That’s what we are up against — one nation, under the cartels, polarized, with liberty for them and misery for us.
Our challenge is to find ways to starve, sabotage, and replace this ten-headed hydra with a better alternative.
I’m left with these thoughts…
Capital expands. It needs to. It’s its only purpose.
Capital deplores restriction. It deplores friction. It deplores borders.
Capital deplores sovereignty.
Capital hates competition. It hates choice. It hates freedom.
Well, it hates the customers freedom, the sovereign’s freedom, but loves its own.
Capital loves to monopolise. It seeks it.
Monopoly maximizes capital’s power and minimizes the sovereign’s choice.
Monopolies seek centralised control over…as much as they can centrally control.
Capital coordinates with other capital. That it doesn’t compete with.
It coordinates privately, secretly. It conspires.
If we are to theorize about anything, we can theorize about that…coordination.
Coordination Theory is a much better descriptor of what goes on.
Capital seeks an unfettered path to monopoly.
It deplores regulation. It will capture and crush that that seeks to regulate it. Including agencies. Including governments.
Monopolism is capitals heart and soul, its central purpose.
Which is why capital loves collectivism.
A society that is built around collectivist ideas is a society built around centralised command and control.
Why stop at a society? Why not a globe built around collectivist State doctrines.
Capital can capture that centre, and thus capture the means to command and control society.
Capital seeks to capture the States monopoly on violence.
Monopolism and Communism end up being two sides of the same coin.
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Cartels