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The relative recency of TRAPs isn't explained by "[a]ll businesses in America ultimately end up with rent-seeking and bondage." You still need a theory to under
by wahern 4y ago
The relative recency of TRAPs isn't explained by "[a]ll businesses in America ultimately end up with rent-seeking and bondage." You still need a theory to understand why they weren't prevalent before. And within such a theory is where one might begin searching for a remedy, presuming one isn't so cynical that they believe achieving a remedy impossible.
- pessimizer 4y ago> so cynical that they believe achieving a remedy impossible. It's cynical to assume that this assessment is cynical.
- lucas_membrane 4y agoRoss Perot's Electronic Data Systems was doing this to programmers, etc., back in the 1970's, IIRC. The required repayment if you quit too soon was quite high, less than a year's wages, around the price of a new car, for the people I talked to who were working there.