You Can’t Stop the Market

The federal government put a lot of resources into shutting down the Silk Road. Was it worth it? Has the online drug trade stopped or at least been reduced? Of course not! People want access to recreational drugs and the market always provides. Since the death of Silk Road the online drug trade has actually flourished:

The successors to Silk Road, the darknet drug market shut down by the FBI in 2013, are raking in tens of millions of pounds in total revenue every month, according to a new report.

British dealers apparently have a serious finger in the pie, taking home roughly 16 percent of the global revenues, or around £1.75 million, between an estimated 338 vendors.

The State, however, can never admit failure. Through the magic of statistics it has declared itself victorious over the online drug trade:

The report, commissioned by the Dutch government to gauge the growth of darknet markets in the years following the demise of Silk Road, found some good news for beleaguered law enforcement: “cryptomarkets have grown substantially in the past few years, but not explosively,” though the numbers of vendors and hosting sites have grown. In fact, researchers found around 50 of these markets in total, however, the total volume of listings is now only six times larger than in 2013.

The volume of listings has only grown six times larger! It would have obviously grown even more if it wasn’t for the State’s efforts! This reminds me of the national debt, specifically when a politician claims that they have shrunk the debt because their efforts ensured it only grew twice as fast as it would have otherwise. If you’re very careful with your statistical definitions you can make any defeat appear to be a victory.

What’s the lesson here? Easy, the State is powerless against the forces of the market. While the State does win temporary victories it is always defeated in the long run. After all, how can a handful of people ever hope to defeat the entirety of humanity? When seven billion people are thinking of new and interesting ways to get their fellows the goods and services they want there’s nothing a handful of people wearing suits and sitting in marble buildings can do.

2 thoughts on “You Can’t Stop the Market”

  1. the State is powerless against the forces of the market. While the State does win temporary victories it is always defeated in the long run.

    If you count the existence of black markets in forbidden goods as “defeat of the State”, then your statement is true. However, the State can and does deal out a tremendous amount of death and destruction attempting to control black markets. It makes markets in proscribed goods overpriced and quality spotty, with no legal recourse for being cheated. Some bans, like the one in many states on cannabis use, are gotten around easily because people trading in the goods are plentiful; others are not so easily circumvented. For example, I’d like to try LSD again, and magic mushrooms, but unfortunately I don’t know where to obtain these things in a way I’d consider safe enough to use. You can say I’m a wimp and that a determined consumer would find a way to obtain these things, risks be damned, and I won’t argue. But neither will I say that the state is “powerless against the forces of the market.”

    1. If you count the existence of black markets in forbidden goods as “defeat of the State”, then your statement is true.

      I was referring to the fact that no matter how oppressive the State becomes there are always black marketeers out there willing to thumb their noses at its power. Even if the State crushes a dozen black marketeers more spring up because consumer demand exists. Through this process the State is never able to actually realize any prohibition it declares.

      It’s true, the State deals out a great deal of death and destruction but not just for black marketeers. It does the same even to those who do obey its laws and those outside of its jurisdiction. Even if you play by the rules you risk death so it’s not really something unique to black markets.

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