Geopolicraticus is a prolific blogger. His posts are huge. But don’t let that make you think they’re not well thought out. His take on on the concept of ratepayers is delicious. He starts with basic capitalism and by the time we reach the end we are discussing cell phone companies. I recommend the article and if you have the intellect and tenacity that you should read his columns regularly.

James Pilant

Thursday We are no longer proletarians, we are ratepayers. Allow me to explain. In the largest and most robust economies in the world today, the consumer sector of the economy is not something trifling, but represents a considerable part of market activity. By some accounts, consumer spending in the US constitutes a third of all economic activity. This is an enormous amount of money, and there is a sense in which it drives the economy. When consu … Read More

via Grand Strategy: The View from Oregon