GOVOPOLY IN THE 39TH DAY BY ED SEYKOTA DOWNLOAD EBOOK : GOVOPOLY IN THE 39TH DAY BY ED SEYKOTA PDF

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5 Govopoly In the 39th Day By Ed Seykota Sales Rank: # in Books Published on: 2013 Binding: Hardcover Most helpful customer reviews 9 of 13 people found the following review helpful. Flawed Premise By The Creature Before getting into a critique of the premise of the book, I should say something about the content and format of the book. The book is physically very heavy and the paper is thick. The book feels "important". However, this initial impression is counteracted on every page which features a stock photo supposedly illustrating the point made by the few sentences on each page. The experience is akin to reading cartoons rather than a thoughtful analysis, but the sophistication of the language (or lack of it) of course has nothing to do with the truth of it. The writing itself is mostly on a grade school level so that it is comprehensible to virtually any reader. I guess the stock photos serve as an anchor for the text, but personally I found it fairly annoying and the photos come across as a whole lot of filler. If the book's price was south of $25 this would be less of an issue but at a price north of $100 it's irritating. Govopoly's premise suffers from the same fallacy that every economic model does in that the economy cannot be reliably reduced to a simple model. Seykota seems to recognize this on one hand but then ignores it and presents a model that purports to demonstrate that the government and it's favored monopolies will inevitably grow while the private sector shrinks to nothing in an exponential fashion like duckweed growing on a pond. Although there are certainly many examples of this trend in both the US and the European Union, I think there are enough counter-examples to argue that the process is not inevitable. Two immediate examples that come to mind are Uber and AirBnb. Uber is taking on the entrenched government granted taxi monopolies. The proof that it is making headway is the price of a Medallion cab in NYC. After peaking at over a million dollars, last I looked a Medallion is now worth closer to $700,000. I attribute this decline to the introduction of competition through Uber. Uber is being met with stiff resistance (witness the recent riots in France and banning of Uber there), but a court in Canada just allowed it to compete. I don't think Uber can be held back forever and this is a good example of how a govopoly sponsored monopoly is being dismantled. Likewise, AirBnb is challenging the entrenched hotel lobby,unions and local governments. Once again, in NYC, politicians, interest groups and the hotel industry are fighting back, but there continue to be thousands of AirBnb listings in NYC. It is virtually impossible to lock up thousands of AirBnb "criminals" and slowly but surely the service becomes more acceptable. Further, the Institute for Justice is a very successful group of attorneys that fight nonsensical government regulations established for the sole benefit of existing interests by fighting in court to legalize and/or not require ridiculous licenses for businesses like hair braiding, eyebrow plucking, food trucks, taxi regulations and they are fighting civil asset forfeiture among other govopoly practices. The Institute is winning cases and rolling back the govopoly tide.

6 Similarly, banks are giving way to peer to peer lenders that are creating new ways for small business and real estate investors to get funding and allowing individuals to consolidate their credit card debt and free themselves from the clutches of banks charging ultra-high interest rates. If there's a common theme here it's that the internet is allowing citizens to do end runs around govopoly and personally I don't think the clock can be turned back. Perhaps instead of devoting the rest of his life to playing the banjo as he states he plans to do, Mr. Seykota should use some of the significant fortune he has been rumored to have made as a trader, to donate massively to the Institute for Justice. The march of govopoly is indeed overwhelming and at times seems irreversible, but there are several indisputable examples of the private sector and individual citizens resisting the tide and even turning it back. As such I think the basic premise of the book that the growth of govopoly is both exponential and inevitable may have been true pre-internet, but it's no longer the case. See all 1 customer reviews...

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