Re: [OT] Redefinition of Black Market [was Re: Screen-free Linux?]
On Thu, 2002-03-21 at 13:04, Karsten M. Self wrote:
> on Mon, Mar 18, 2002, Jean-Marc V. Liotier (jim@jipo.com) wrote:
> > On Mon, 2002-03-18 at 20:42, Ron Johnson wrote:
> > > Apparently so. It's been 60ish years since WW2, the economy still
> > > functions, and taxes aren't confiscatorialy high (yet), so for us,
> > > the underground (or black) market is in stolen property, etc.
> >
> > If you sell me a piece of kit you very legally own, and I pay you in
> > cash, that's black market : no trace, no taxes paid. The property traded
> > is not necessarily illegal, it's just that the transaction is not
> > visible to the State.
>
> This is generally termed "grey" or "underground" market in the US. This
> generally doesn't connote illegal activity (though tax avoidance may be
> a motive). More usually, it's simply a market outside existing,
> established, channels. Somewhat analagous to P2P networking.
Another valid definition of Grey (but not Underground) Market:
computers and software also "fall" into the perfectly legal, _taxed_
"grey" market when kit is sold outside of channels officially
sactioned by the OEM (the "white" market).
--
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| Ron Johnson, Jr. Home: ron.l.johnson@cox.net |
| Jefferson, LA USA http://ronandheather.dhs.org:81 |
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| "(Women are) like compilers. They take simple statements |
| and make them into big productions." |
| Pitr Dubovitch |
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