4 ms·
Let me guess: they are planning to use the amazing mechanism that proved to be so effective at reducing prices and improving availability for stuff like food, c
by nickpp 4y ago
Let me guess: they are planning to use the amazing mechanism that proved to be so effective at reducing prices and improving availability for stuff like food, clothes, computing, communications and entertainment: the free market.
Consequently all they have to do is remove the barriers for competition to enter said market and patiently watch as the problem solves itself, thanks to the amazing ingenuity and creativity of the entrepreneurial spirit.
Of course, that would make it clear for everyone that the actual culprits are the politicians who erected said barriers and we'd all be better without their interferences in economy, so... there is a perverse incentive there... let's see what they want to do:
> market failures that plague the pharmaceutical industry
> disrupting monopolistic drug prices requires state intervention and that California can pull it off because the state “has market power.”
Yup. So, any ways to bet on the outcome of this action? Favorite prediction markets?