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>Going into 2022, I would rather governments focus on educating people Yes, thats what most corporations engaged in abusive or anticompetitive business practic
by pydry 4y ago
>Going into 2022, I would rather governments focus on educating people
Yes, thats what most corporations engaged in abusive or anticompetitive business practices say. Credit card companies rake in the dough from abusive interest rates and then feign an interest in helping "educate" the consumers out of being exploited by them to keep regulators off their back and the senators they purchase do the same.
Rinse and repeat, feigning concern for "financial literacy" for 30 years with nothing changing because nothing was supposed to. The system was "working".
I say put the regulators on their backs. If a business transaction is bad for the public then f*king prohibit it. End of story. "Educating users" out of avoiding abusive practices isnt meant to work.
- lotsofpulp 4y ago>If a business transaction is bad for the public then f*king prohibit it. If only life were that easy. Is it bad for the public that Costco and Walmart deliver lower prices to customers via efficiencies if scale? Or is it better to have more inefficient local stores?
- pydry 4y ago>Is it bad for the public that Costco and Walmart deliver lower prices to customers via efficiencies if scale? Obviously not. Whereas if they could pay local governments money to keep the other one out so they could jack up prices that would be bad.
- lotsofpulp 4y agoIt is not obvious to me. Maybe it is better for a society to have redundancies in supply chains and business operations. Or having businesses spread out through a region as opposed to conglomerated in a few spots with big box stores. Or maybe it is worth the lower prices. Or maybe it is not in society’s best interest if Walmart is so big they can force suppliers to cut quality to meet their prices.