The prostitution market is created by scarcity.
Some capitalist markets are also driven by scarcity. There is obvious scarcity in all capitalist markets. There is a scarcity of fruits and vegetables because we can’t just go out and pick our own in the wild fields for free; there is a scarcity of IPhones because we can’t make our own smartphones, on and on. However, some capitalist markets are characterized by artificial scarcity.
I believe that the precious gems market is such a market. The whole market is controlled by if not one family (of Jews) than by one ethnic group or extended family if you will (of Jews). The gems are mined by a Jewish family in South Africa, and then the market is run by Orthodox Jews in Belgium and New York. However, my understanding is that they only mine a certain number of diamonds in order to make…
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