On Thu, 2002-03-21 at 13:04, Karsten M. Self wrote: > on Mon, Mar 18, 2002, Jean-Marc V. Liotier ([EMAIL PROTECTED]) 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). -- +------------------------------------------------------------+ | Ron Johnson, Jr. Home: [EMAIL PROTECTED] | | Jefferson, LA USA http://ronandheather.dhs.org:81 | | | | "(Women are) like compilers. They take simple statements | | and make them into big productions." | | Pitr Dubovitch | +------------------------------------------------------------+
