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In a single nation world yes, but in a multi country world, if the US limits size of it's companies the world will be simply dominated by Chinese/European compa
by crop_rotation 3y ago
In a single nation world yes, but in a multi country world, if the US limits size of it's companies the world will be simply dominated by Chinese/European companies and the QoL of life for ordinary citizens would nosedive.
- jampekka 3y agoThis is the reason why there used to be barriers of trade and capital controls.
- xxpor 3y ago> if the US limits size of it's companies the world will be simply dominated by Chinese/European companies and the QoL of life for ordinary citizens would nosedive The conclusion does not follow from the premise. Has the QoL nosedived in NJ because the tech industry is dominated by California?
- crop_rotation 3y agoThis doesn't make any sense. NJ and California exist under a single nation with a common treasury. You are basically agreeing with my point. If the world was a single nation then sure.
- pixl97 3y ago>QoL nosedived in NJ A better question may be, has QoL nosedived in the rust belt because the tech industry is dominated by CA?
- deleted 3y ago[deleted]
- PH95VuimJjqBqy 3y agoThe answer is no.
- arrosenberg 3y agoThis is projection that gets repeated by corporatists. We've let the large corporations have their laissez-faire way since the early 80's - foreign ownership is way up, middle class ownership is way down, and the QoL for ordinary citizens has nosedived. We need to go in the opposite direction - robust, competitive and small companies that innovate and outcompete foreign behemoths.
- crop_rotation 3y agoYou are just stating what you think is ideal and not disputing my point. How will these small companies compete in foreign markets against larger foreign rivals.
- arrosenberg 3y agoKind of the pot calling the kettle black there don't you think? I'm certainly disputing the idea that QoL of life will go down, and I stated exactly why - we have done what you are suggesting for the last 50 years and the results have been QoL has gone down. Seems kind of insane to keep doing something that is hurting the average American, no? > if the US limits size of it's companies the world will be simply dominated by Chinese/European companies and the QoL of life for ordinary citizens would nosedive. Spell out why you think this. The US has done antitrust and regulation before and it was great for the middle class. Life seemed fine for Europeans last time I was there, despite existing in a world with US megacorps dominating their markets.