Quotes & Sayings About Black Markets

Friendship is also a kind of medicine, and the markets for it, too, are sometimes black. — Gregory David Roberts

In 302, the Roman emperor Diocletian commanded "there should be cheapness," declaring, "Unprincipled greed appears wherever our armies ... march ... Our law shall fix a measure and a limit to this greed." The predictable result of Diocletian's food price controls were black markets, hunger and food confiscation by his soldiers. Despite the disastrous history of price controls, politicians never manage to resist tampering with prices
that's not a flattering observation of their learning abilities. — Walter E. Williams

There are the manufacturing multitudes of England; they must have work, and find markets for their work; if machines and the Black Country are ugly, famine would be uglier still. — Goldwin Smith

Wall Street's shenanigans have convinced a large portion of America that the economic game is rigged. Yet capitalism depends on trust. Without trust, people avoid even sensible economic risks. They also begin trading in gray markets and black markets. They think that if the big guys cheat in big ways, they may as well begin cheating in small ways. And when they think the game is rigged, they're easy prey for political demagogues with fast tongues and dumb ideas. Wall — Robert B. Reich

Nowadays rap artists coming half-hearted,
Commercial like pop, or underground like black markets.
Where were you the day hip-hop died?
Is it too early to mourn? Is it too late to ride? — Talib Kweli

Markets look a lot less efficient from the banks of the Hudsonthan the banks of the Charles. — Fischer Black

The strategy for the discoverers and entrepreneurs is to rely less on top-down planning and focus on maximum tinkering and recognizing opportunities when they present themselves. So I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or "incentives" for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can. — Nassim Nicholas Taleb

Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets. — Thomas Sowell

Black markets for things exist,' he said slowly, as if confiding a personal secret rather than a commercial fact, 'because the white markets are too strict. In this case, in the case of currencies, the government and the Reserve Bank of India control the white markets, and they're too strict. It's all about greed, and control. These are the two elements that make for commercial crime. Any one of them, on its own, is not enough. Greed without control, or control without greed won't give you a black market. Men can be greedy for the profit made from, let's say, pastries, but if there isn't strict control on the baking of pastries, there won't be a black market for apple strudel. And the government has very strict controls on the disposal of sewage, but without greed for profit from sewage, there won't be a black market for shit. When greed meets control, you get a black market. — Gregory David Roberts

PROFITS AT THE BOTTOM OF THE PYRAMID | Idea in Brief 105 words THE PROBLEM Multinational firms' socially beneficial ventures in low-income markets need to earn profits if they're to command corporate resources, but operating in the black is harder than it looks. THE SOLUTION Companies can use the authors' "opportunity map" to design and undertake ventures at the bottom of the pyramid that match their capabilities and financial expectations. THE DETAILS The map sorts ventures according to cost and complexity by analyzing two key challenges in selling to the poor: changing consumers' behavior and changing the way products are made and delivered. The map can encourage companies to forgo overly ambitious, unsustainable projects and start with smaller ones that generate steady profits. — Anonymous

'Orange Is the New Black' was by far the most watched show in both France and Germany and, in fact, all of the markets that we launched. — Ted Sarandos