Posted by Laddie in the comments section at Zerohedge. Broken into shorter paragraphs here for readability. The author is the late Birdman Bryant.
One of the most important concepts to free-market economists is what is known as “transaction costs”. The transaction cost of a purchase is the cost over and above what is paid for a good or service in order to make the purchase possible.
For example, if we wish to buy a used car, we may decide to have a mechanic look it over, and our payment to the mechanic then becomes part of the transaction costs.
Likewise, if we have to pay a tax on the purchase of the car, then this also becomes part of the transaction cost.
Because transaction costs can be large, there is an obvious motivation to reduce them. As libertarians have often pointed out, the effect of government is generally to raise transaction costs, as would be the case when government imposes taxes or costly regulations on businesses. (Such costs are often ‘hidden’ in the price of the goods or services purchased, but in reality they are part of the transaction costs.)
But it is within the power of government to “reduce” transaction costs as well, as happens when government inspection guarantees the healthfulness of foods, and government laws make it unlikely that a businessman will dare to cheat his customers.
One of the most important ways which consumers have to reduce their transaction costs is to deal only with people they trust.
There is, however, another explanation for the change, and that is that America — and in fact, the world — has become besieged by people who are expert in exploitation, namely, the Jews.
In saying this, I am not necessarily using the term ‘exploitation’ in a pejorative sense: I could just as well say, “The Jews are good at seeing opportunities and making the most of them.” But if Jews exploit the gullibility of gentiles, it is also true that they do not, as a rule, exploit the gullibility of their own kind, which is to say that the Jews have a high degree of trust among themselves.
Accordingly, it might be said that the Jews have the best of all possible worlds: They have trust within their own group (and thus low transaction costs), but are free to use their highly-developed skills of exploitation among outsiders.
But if the problem of the exploitation of gentiles is due to Jewish intelligence and skill, it is also due to another factor: The failure of gentiles to be racially or ethnically aware. That is, for gentiles — or at least the Christian West — there is no ‘outsider group’ because of the Christian-rooted ‘universalist’ philosophy which declares that ‘there is no race but the human race’; whereas for Jews, the outsiders are everyone who is not Jewish.
The absence of ‘outsiders’ for gentiles, then — something which has resulted from the philosophy of ‘multiculturalism’ and ‘diversity’ which has become dominant of late in the West — has meant that not only Jews, but every other racial and ethnic group has been put in a position to exploit whites, while whites, who know no ‘outsiders’, are unable to defend themselves against such exploitation.
It is of course Jews who have been responsible for imposing multiculturalism, but that is yet another story of the exploitation of whites by Jews.
Read more at thebirdman.org.