Tuesday, August 9, 2011

The upside of the London riots

The Worshipful Company of Glaziers and Painters of Glass has released a statement in support of the economic stimulus activities undertaken this week in London.

“Over the past three nights,” said guild spokesman JM Keynes, “The brave young people of London have taken it upon themselves to guarantee the economic health of our city for years to come.” Keynes went on to explain that the Glaziers expect a 10,000% increase in demand for new glass windows over the coming weeks, which will employ hundreds of new glassmakers, who are paid as much as six francs for each new window produced.

Shopkeeper F (Frederic) Bastiat took a rather dimmer view of the stimulus package, citing its cost to his business. “Look here,” he said, gesturing to his store’s broken window. “They broke that, broke the door, came in and took things right off the shelves.” Bastiat expects that his insurance will cover some of the damages, but that much of his inventory will be a total loss. “I had a year’s profits tied up, just in what was on the shelves,” he explained. “And some of it they just destroyed! This television was too heavy to steal, I suppose, so they just smashed it.”

Bastiat’s selfishness, though, is not representative of most Londoners. In addition to creating jobs and increasing private spending, the stimulus is providing an increased standard of living for some participants. ”I got tones of stuff todayyyy!” explained one of the stimulus agents via twitter, ” … whop whop … wat ev;; it was free so i took it ennit,, didn’t get caught so[.]”

Hit the link up top to read the rest.  This guy is greatness. 

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