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What we need is antitrust. Eventually companies capture so much of the market that they can afford to get lazy and profit-take, and still grow. Then the shittie
by pessimizer 4y ago
What we need is antitrust. Eventually companies capture so much of the market that they can afford to get lazy and profit-take, and still grow. Then the shittier they get, the shittier they have to get in order to maintain financial returns. The decline has to accelerate.
Unless the reason they've become unprofitable again is because they're reinvesting before they've fallen too far, but there's a collective action problem in that depending on how many big shareholders there are.
- BizarroLand 4y agoWe need a government that cares about the individual over the corporate. I think we still mostly have it, but there are enough chinks in the armor to introduce doubt. We need Antitrust on steroids coupled with vision and a hand on the wheel steering the boat.