23 ms·
I get the feeling that the people in charge of the USA don't understand how markets work.
by totalZero 5y ago
I get the feeling that the people in charge of the USA don't understand how markets work.
- klyrs 5y agoNo, but it sounds like the people managing ports sure do.
- kwertyoowiyop 5y agoEveryone understands their own bubble of experience, like this truck driver. But it seems like we often go off the rails on things outside that bubble, as this truck driver does when he starts generalizing (nobody will do this, everybody does that) and assigning motives (greed, stupidity, etc) to everyone else. I am trying to be better about this. It is definitely a bad habit of mine.
- klyrs 5y agoI dunno about that. A lot of the article is talking about incentives. The ports enjoy a monopoly, and the manner in which they're handling these delays allows them to charge exorbitant fees to everybody using the port. And, sure enough, cranes are expensive and have a long lead-time, especially when steel is bottlenecked. Fixing this would be costly and the ports are probably concerned about building up capacity that won't be necessary when the problem clears. When the solution is expensive and the problem is profitable, is inaction "greed?"
- refurb 5y agoI’m pretty sure a big percent of Congress has never worked a normal job in their lives nor created any jobs.
- redis_mlc 5y agoTrump, Pompeo and Bannon did. Biden, Harris, Pelosi and AOC despise working people - "deplorable racists." Congrats on electing a party that literally hates America, our constitution and its citizens, as seen in the current Open Border policy.