Only In Minnesota…
By Mitch Berg
…can a company have a legal monopoly on a product people are willing to pay huge money, risk fail, and kill to cover their black market turf over…
By Mitch Berg
…can a company have a legal monopoly on a product people are willing to pay huge money, risk fail, and kill to cover their black market turf over…
…and still get regulated out of business.
This entry was posted by by Mitch Berg on Wednesday, May 17th, 2017 at 6:00 am and is filed under Business, The Economy and The Markets, Capitalism v Socialism, Minnesota Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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May 17th, 2017 at 10:09 am
Mitch, you assume that a heavily regulated government monopoly can make sensible business decisions. They can’t. The government demanded security, paperwork, and product delivery forms all are market disincentives. As we discussed in an earlier article on this, it’s far cheaper, more effective, and low risk to go black-market on this topic than to go for the legal stuff, especially if you have a valid medical condition that is helped by this product (e.g. the nurse who was giving her father the product for pancreatic cancer relief).