Once already upon a time ...

Discussion in 'Economics & Trade' started by LafayetteBis, Dec 17, 2019.

  1. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    From the Economist: Are anti-competitive firms killing American innovation?

    And who's to blame? The Replicants who by allowing market-integration by relaxing governmental the application of existing Antitrust Laws have allowed what economists call Market Integration - to which I would add the word "massive".

    For American corporate bosses, this has warmed the cockles of their heart because it has enhanced their corporate incomes massively - which is why they give MASSIVELY to the Replicant Cause. (Which, as ever, is Money, Money, Money that promotes individual Wealth, Wealth, Wealth.)

    That's is not a dangerous outcome? Oh, yes it is! The economic tinder is there - all that's needed is ignition. Which doesn't mean that the profit-mechanism of a Market-economy is all wrong - but it does indicate that said market-economy has got out of hand when taxation permits massive wealth-accumulation at the top. (And 14% of the nation's citizens incarcerated below the Poverty Threshold.)

    Lest we forget, this happened not long-ago in a place called "Watts" California which became an historical landmark in America that we seem to have forgot. (See here: The Watts Riots.)

    Mankind's history has a silly way of repeating itself and especially when selfish-interests prevail ...
     
    Last edited: Dec 17, 2019

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