Skip to main content

The Beauty of the Market: A Dining Tragedy

After a less-than-mediocre dining experience at an Indian-Pakistani restaurant today, and minutes after learning that we had returned an order of spice-less biryani, the manager approached to ask about our experience. I quickly informed him, “Not good.” 

Instead of asking how to improve his restaurant, he embarked upon a quest to prove to me and my accompanying master chef that we were simply unenlightened about the methods of his region and that his restaurant avoids spices to allow customers to return home without the aroma of the food. 

Oddly enough, we dine to enjoy the cuisine, not to taste the region or the story of excuses behind the tasteless menu of inadequately-characterized courses. 

I thank my sweetheart, the aforementioned master chef, for exposing me to the best cuisine on the planet, her own, which has effectively transformed me into the American Gordon Ramsey of Asian cuisine and the greater band of ethnic fare. 

It is humorous how close a restaurant manager can be to answers to his looming deficiencies, with intelligent consumers and even a restaurateur volunteering their criticisms, yet it appears that the lazy businessman can nonetheless find his way back to the default judgment: the customer is always wrong. 

Here’s a page out of the next edition of The Idiot’s Guide to Restaurant Management, due to publish this fall: “When you label your food as spicy, apply spice. And when your customers dislike the food, arguing with them won’t change their minds or their palates. In fact, it’s far more likely to cross your name off their list for future date nights.” 

Ultimately, food that is undercooked, overcooked or spice-less has little business in any restaurant, let alone one which famously prides itself in flavor. 

Fortunately the market will conduct its own due diligence to distinguish the viable and adaptive enterprises from the stubborn ones, a phenomenon which ensues without any formal administration or profligate governmental institution, but rather through the acting pocketbooks of paying and abstaining customers. 

Within the tragedy of all of this is the beauty of the market: it deals in reality and requires no debate.

Comments

Popular posts from this blog

Hurricane Irma Reveals How Nationalistic America Really Is

It's interesting how the Weather Channel seems to treat the devastation of the Caribbean, even American territories, as precursors to what they have identified as the event, otherwise known as landfall upon the continental United States.

For the people presently facing Irma, the event is happening now.

The reason this is important is that it implies a lot about the way we view the world and its inhabitants.

Although the political map clearly illustrates borders between nations, views from the International Space Station reveal that these boundaries are mere imaginary lines drawn by history's political pundits whose self-interested motives altogether failed to represent the unanimous consensus of the time, and yet they fail even more miserably in that capacity today.


Notwithstanding the fact that we are all inhabitants of this earth, of the same species and familiar family dispositions, we are subliminally inculcated by political representations of this terrestrial world to ass…

Goldmoney: Real Money Purposed for the Future

The institution of money entered the minds of sophisticated traders several millennia ago, when instead of bartering with limited numbers of people within the cumbersome double coincidence of wants, large-scale economies developed from the reach and transparency of commodity money which was scarce, durable, fungible, transportable, divisible, recognizable, and usable in and of itself. 

While we may appear to have transcended those primitive times and those so-called barbarous relics, the truth is that we have merely mutilated the concept of money by clandestinely replacing it with its more manipulable and abstract representative, the proverbial coat check without the coat. 

This is but the device of a large-scale social experiment run in real time, and we are its unwitting and unconsenting subjects who’ve largely never heard of the Federal Reserve’s dual mandate, much less its missions of “maximum employment” and 2-percent annual inflation.

Yet there is hope after all.

Finally, after deca…

Market Manipulation: Mirages in the Desert of Economic Despair

An article published today by MarketWatch, entitled The world is becoming desperate about deflation, reveals the astounding truth that interest rates would not have remained as low as they are today if the American economy had truly recovered from its most recent recession.

Economists of the political ranks tend to support lower interest rates and inflationary measures because they advance spending, boondoggles and measurable economic activity to the limited timeframes of their active administrations, at the real expense of future output and thoughtful investment that simply affords no benefit to present-day headline economic indicators and the intellectuals who wield them.

In an anemic economic climate, infrastructural change is the antidote to misinvestment, while monetary manipulation is the politically-convenient mirage in the desert of economic despair.


While wanderers across that desert perceive advantage in continuing to chase elusive returns and public policy tacitly rewards t…