I was silly enough to choose a form of industry that leaves me with a loss of 10 percent.
Category: Diffused costs
IX. – THEFT BY SUBSIDY.
Dono tibi et concedo, Virtutem et puissantiam, Volandi, Pilandi, Derobandi, Filoutandi, Et escroquandi, Impunè per totam istam, Viam.
IV. – THE LOWER COUNCIL OF LABOR.
It is better to provide for oneself surrounded by prosperous customers than to be protected surrounded by impoverished ones.
Author’s Introduction to Economic Sophisms
Protection brings together in one single point all the good it does and distributes among the wider mass of people the harm it inflicts.