Honest Money

In an 21 August 2009 post, I argued that that the planet’s collapse is starting in Dubai. (1)

If the planet’s collapse starts in Dubai, Dubai will also be the first place to rebuild the planet.

“We” have two options to rebuild it.

Either “we” continue doing what “we” did before, that is, letting Leviathan regulate everything thereby causing the collapse.

Or “we” can opt for the way Ludwig Erhard chose in Germany after the second wold war.

In 1948, Erhard was elected Director of Economics by the Bizonal Economic Council. On 20 June 1948, the Deutsche Mark
(Ivo: the Gulf Co-operation Council (GCC) single currency merged with the Chinese yuan for ASEAN, the Association of South-East Asian Nations?)
was introduced.
Erhard abolished the price-fixing and production controls that had been enacted by the military administration. (2)

Microsoft Corp. and Yahoo! are merging. The merger could still be blocked by the antitrust authorities, so-called authorities.

As Alan Greenspan, former chairman of the US of A central bank, said more than 45 years ago:
The world of antitrust is reminiscent of Alice’s Wonderland: everything seemingly is, yet apparently isn’t, simultaneously. It is a world in which competition is lauded as the basic axiom and guiding principle, yet “too much” competition is condemned as “cutthroat.” It is a world in which actions designed to limit competition are branded as criminal when taken by businessmen, yet praised as “enlightened” when initiated by the government. It is a world in which the law is so vague that businessmen have no way of knowing whether specific actions will be declared illegal until they hear the judge’s verdict — after the fact.  (3)

Monday’s news is that U.S. internet giant Yahoo! signed a deal to acquire Arab world’s largest online media company, Maktoob, for an undisclosed fee. (4)

Will this deal also be “scrutinised” by the antitrust authorities, so-called authorities?

We’ll see.

Maktoob today have more than 280 employees with offices in Amman, Dubai, Cairo, Riyadh, and Kuwait. (5)

Dubai has the opportunity to show the wold how Greenspan was right when he said antitrust laws are immoral.

Dubai has the opportunity to show the world how to follow Erhard’s example.

Dubai has the opportunity to introduce the GCC single currency merged with the Chinese yuan for ASEAN.

Dubai has the opportunity to repeal the price-fixing and production controls.

Dubai has the opportunity to repeal antitrust laws.

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

NOTES

(1)
planet’s collapse is starting in Dubai
Posted by Ivo Cerckel on August 21st, 2009
http://bphouse.com/honest_money/2009/08/21/planet%e2%80%99s-collapse-is-starting-in-dubai/

(2)
http://en.wikipedia.org/wiki/Ludwig_Erhard

(3)
ANTITRUST, BY ALAN GREENSPAN, Based on a paper given at the Antitrust Seminar of the National Association of Business Economists, Cleveland, September 25, 1961. Published by Nathaniel Branden Institute, New York, 1962,
reprinted in: Ayn Rand, (ed.) , “Capitalism – the Unknown Ideal”, Signet Books, 1967
http://www.polyconomics.com/ssu/ssu-980612.htm

(4)
Business Media Yahoo! to acquire Maktoob.com
Aug 25, 2009 at 00:32
By Dylan Bowman http://business.maktoob.com/20090000367702/Yahoo!_to_acquire_Maktoob_com/Article.htm

(5)
http://en.wikipedia.org/wiki/Maktoob