Word: middlemen
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Dates: during 1970-1979
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...case, whom does the art boom benefit? Only collectors and middlemen. Few artists get to share in it. This is partly because boom conditions create an unreal system of reputation, with most of the benefits going to a handful of stars at the top and scarcely anything to the rest. The American art education system, churning out as many graduate artists every five years as there were people in late 15th century Florence, has in effect created an unemployable art proletariat whose work society cannot "profitably" absorb. Generous tax laws, which enabled collectors to buy low, keep a picture...
...that bureaucratic meddling may create distribution bottlenecks and local shortages later in the winter. New York state officials, for example, are concerned that in order to maintain their inventories at levels mandated by the Energy Department, oil companies are holding back shipments to jobbers, distributors and other middlemen, something the oil firms deny...
...collected taxes of $168 million on the huge amount of pot, worth an estimated $1.4 billion wholesale, that was smuggled out of the country. Further, Samper calculates that the estimated 30,000 grower families get only 8% of the earnings of the trade; the rest goes to smugglers and middlemen, most of them North Americans. Legalization, says Samper, would both spread the pot wealth better and rid Colombia of much of the corruption and violence that the illicit trade has spawned...
...toiletries, fruits vegetables and assorted schlock. Some of the stuff is "hot"; last year about $2 billion in merchandise and food was hijacked from trucks or stolen from warehouses. The rest is distress merchandise that has not moved on the store shelves and is dumped at large discounts to middlemen, who field it out to street hawkers. City governments are trying to collect sales taxes from the vendors, but the vast majority pay nothing...
...clinics, to await the fuel that had so abruptly become precious. Americans could idle there and wonder if their houses would freeze in the winter, when the last heating oil guttered out of their tanks. Raised on a gospel of infinite resources, they bitterly blamed conspiracies: Arabs, oil companies, middlemen. They also gave Jimmy Carter the second lowest rating of presidential approval in the history of American polltaking...