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the "market" seems to be betting that these monopolies will persist more or less exactly as they are (see eg the 3 trillion apple valuation that is really an un
by streamofdigits 5y ago
the "market" seems to be betting that these monopolies will persist more or less exactly as they are (see eg the 3 trillion apple valuation that is really an unfathomable number unless you condition that basically the entire US economy will be co-controlled by those entities)
so it seems to me that disastrously bad regulation has created self-sustaining monsters. which market worshiping politician would dare burst that multi trn-bubble?
- netcan 5y agoGood question. Reminds me of the "housing affordability" question. If politicians had a magic wand that turns a city with $1m median house prices into a $250k one...
- adam_arthur 5y agoAn easy way around that is upzoning. Then a house that's worth $1m could be turned into 4 houses worth 500k each. That way homeowners make more money and housing becomes cheaper at the same time. Depending on the context of course..