By Frank Shostak
Economic mythology said governments must regulate markets to prevent monopolies. In reality, it is the government regulation itself that creates monopolies, which do not emerge in free markets.
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55 sats \ 4 replies \ @grayruby 19 Jul 2024
Be skeptical of any company that calls to be regulated.
They probably want to create a regulatory moat between them and their competition.
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63 sats \ 3 replies \ @Undisciplined OP 19 Jul 2024
It's astonishing when people don't get this.
"Even Walmart supports raising the minimum wage!" without a hint of skepticism.
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55 sats \ 2 replies \ @grayruby 19 Jul 2024
"Amazon wants everyone to make $20 an hour"
Of course they do. Their competition will go out of business and they will automate away the cost increase.
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63 sats \ 1 reply \ @Undisciplined OP 19 Jul 2024
Also, they already pay $20 an hour. They have to, because it's such a miserable place to work. Now everywhere can be equally miserable.
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55 sats \ 0 replies \ @grayruby 19 Jul 2024
Yeah, I was referring to a few years back when all this fight for 15 stuff was going on.
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