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When the government hinders competition through unjust regulations and by controlling the money supply to benefit incumbents, what we get is indentured servitud
by jongjong 4y ago
When the government hinders competition through unjust regulations and by controlling the money supply to benefit incumbents, what we get is indentured servitude and slavery. The key elements of slavery are poor working conditions, a lack of opportunities and a government which treats one class of people favorably other another class of people (in the modern case, those people who are closely connected to the government receive better treatment over those who are not connected to government due to access to lucrative contracts and favorable regulations).
- jessaustin 4y agoThis is also one of the things driving inflation right now. Since there is so little competition in so many industries, firms can set their prices (and on the other side, set their wages) to whatever they want and consumers have little choice on the matter. We're already past Gilded Age levels of inequality, and the assholes don't see any reason to stop turning the screws. They actually still claim that they're going to control inflation by raising interest rates!