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> Which lines are going up? the ones the government is most involved in. Which lines are going down? the ones with the least(by comparison) regulated markets.
by Context_free 6y ago
> Which lines are going up? the ones the government is most involved in. Which lines are going down? the ones with the least(by comparison) regulated markets.
Aha. So the two Baby Bell descendants own virtually all of the last mile land lines in the US, and who were cheaply sold by the government cell phone wavelength which they also both mostly control - this duopoly which spends an inordinant amount of money on lobbying at the state and federally for regulatory capture is part of the unregulated market. The government regulating exclusive spectrum use for this as part as that lack of regulation.
Your "by comparison" and "most involved" qualifiers are doing a lot of heavy lifting. Corporate America is heavily involved in desiring bailouts, regulatory capture etc. Just witness the corporate talking heads demanding more Reddit Wall Street Bets Gamestop regulation. And these were people long, not short.
The notion that "free market enterprise" wants free markets, a lack of regulatory capture etc. is a fantastic notion. And you will be hard-pressed to find Fortune 500 companies not tightly intertwined with the government, which is something they obviously desire to be by their actions.
- insert_coin 6y agoStraw man. I didn't say any of that. > The notion that "free market enterprise" wants free markets, a lack of regulatory capture etc. is a fantastic notion. I didn't say that. Enterprises are gonna enterprise, they will suck out to the last penny if you let them. That is why it is so important to keep the market fair, it's the only real chance at even a semblance of meritocracy, if it even exists. That is the job of government, or it should be, but as you've said the disparities are increasing because surprise! the 'people's government' sold everyone out. It is about time those clamoring for more and more government intervention realize that sad, yet true, reality.
- altarius 6y agoAgreed, what I see in that chart are mostly those US industries that managed to co-opt government policies for subsidies (college loans, mortgage deductions) or regulations (healthcare). Why is the opposite of "bad government" always "no government" and not sometimes just "better government"?