<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">On Jun 9, 2020, at 1:06 PM, Darin Sunley via extropy-chat <extropy-chat@lists.extropy.org> wrote:<br><blockquote type="cite"><div dir="ltr"><div dir="ltr">To an inner city drug dealer, it absolutely applies. That Rolls is the result of maybe a few really good deals, and could be gone tomorrow. Ownership does not necessarily instill a responsibility on a Hobbesian state of nature. Here today, gone tomorrow.</div></div></blockquote><br><div><span style="-webkit-text-size-adjust: auto; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);">I've read, too, that the _average_ drug dealer isn't making a fortune -- not enough to be buying at sticker value that SUV. However, it's usually enough to justify the risks given the lack of other lucrative opportunities. (I recall reading a Quora member mentioning making tens of thousands of USD a year. This was a lot of money for that person, but it's not like someone making a six figure salary in a decent job with a retirement fund, paid medical, etc. is going to quit to start dealing on the street.)</span></div><div><br></div><div>By the way, the problem you talk about — securing property rights when one is involved in a black market — is a problem Hernando de Soto covered in his _The Other Path_. He wasn’t dealing with the recreational drug trade, but things like housing and street vending in Peru. <br style="-webkit-text-size-adjust: auto; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);"><br><div dir="ltr"><div style="line-height: normal;"><div style="line-height: normal;"><span style="line-height: 20px; background-color: rgba(255, 255, 255, 0);">Regards,</span></div><div style="line-height: normal;"><span style="line-height: 20px; background-color: rgba(255, 255, 255, 0);"><br></span></div><div><div style="line-height: normal;"><span style="line-height: 20px; background-color: rgba(255, 255, 255, 0);">Dan</span></div><div style="line-height: normal;"><span style="line-height: 20px; background-color: rgba(255, 255, 255, 0);"> Sample my Kindle books at:</span></div><div style="line-height: normal;"><p style="margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica;"><span style="font-size: 12pt;">http://author.to/DanUst</span></p></div></div></div></div></div></body></html>