In this episode, the king’s magic money box runs dry and he is forced to provide real services in the economy, at which he fails miserably. In the end, the good people decide it is better for the king to stick to frivolous ceremonial affairs.
When all is said and done, nationalisation is simply the exchanging of majority shareholding from private investors who invested their own funds, to a public entity called the State who invests other people’s funds (taxes). This shift in shareholding is profound. The problem is not that “government doesn’t know how to run a mine.” Few […]