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A black market will always exist as it does for anything. The problem we're trying to solve is the power of a huge market solely tapped by criminal enterprises.
by mekkkkkk 6y ago
A black market will always exist as it does for anything. The problem we're trying to solve is the power of a huge market solely tapped by criminal enterprises. You don't see narcostates formed by black market tobacco or alcohol.
- eru 6y ago> A black market will always exist as it does for anything. A black market only exists when there's legal hurdles to avoid. Some markets have low enough legal hurdles, that there's no black market. (But I agree with the rest of your comment.)
- mekkkkkk 6y agoThat's true. Saying "anything" was a bit sloppy. I meant to say "any regulated/controlled substances".
- eru 6y agoYes. Though to be even more precise, the benefits of going outside of regular channels have to outweigh the burden of the regulation. Eg some countries have black markets in currency, because of tight controls. Singapore doesn't really have black markets in currency, despite some (light!) regulation and taxes on money changers.