>Please elaborate your objection? I was just noting that you didn't seem to have an especially clearer picture than Charlie did, while claiming he was wrong to

>Please elaborate your objection? I was just noting that you didn't seem to have an especially clearer picture than Charlie did, while claiming he was wrong to say the future was unclear. >It's strange to suggest that greedy rent-seekers would not be greedy in this one specific instance. You don't seem to understand what rent-seeking is. Rent-seeking is when you seek out particular privileges that enable you to gain an advantage. A "sure thing" if you will. By controlling asymmetric information, the levers of government, cornering the market, or controlling exclusive rights over naturally scarce opportunities. They are greedy, but not stupid. A greedy person may play slot machines, but would not be intelligently directing their avarice. This is ultimately what you are suggesting they do.