4 ms·

Seems we have reached 1910 again and need somebody like Teddy Roosevelt for some trust busting.

throwawaysleep 2y ago
Consider how much people spent on food back then vs now. Consider the percentage people in smaller countries without large efficient firms spend on food. Consider the far high prices of Canadian milk, cheese, eggs, and chicken as the law caps production and provides no way to eliminate smaller inefficient producers by outcompeting them. Nowhere in the world spends a lower percentage of income on food than the USA. https://ourworldindata.org/grapher/food-expenditure-share-gdp?country=~USA https://ourworldindata.org/grapher/food-expenditure-share-gd... The system works for consumers. Tremendously well.
- llm_trw 2y ago
  In 2022, before the bulk of the current inflation materialized. Saying it worked before is a bit like saying "I can't have diabetes, I played football in highschool!".
- lotu 2y ago
  I'm not sure that data is super telling, all it means is the food is a lower percentage and giving the costs of education, housing, and insurance perhaps not that surprising.
- HumblyTossed 2y ago
  You know, you're right. We should be perfectly okay with things just the way they are. In fact, let's just keep going until there's only one big player in every market!
- justinlloyd 2y ago
  This reads like whataboutism. Very disingenuous.
bryanlarsen 2y ago
Exactly! We need a president who would appoint a radical trust-buster like Lina Khan to the FTC.
- SubiculumCode 2y ago
  lol nice. Lina Khan was a brilliant appointment by Biden, I just hope that her work continues and accelerates over another Biden term. In my opinion, America will only stay on top of we ensure robust multilevel competition in the marketplace.
  - nojvek 2y ago
    If Trump is elected, Lina Khan is sure to be let go or FTC hampered. I find it fascinating how MAGA republicans think Trump is there for the small guy, yet his appointment and policies really benefit the big corporate donors.
    - rqtwteye 2y ago
      "I find it fascinating how MAGA republicans think Trump is there for the small guy, yet his appointment and policies really benefit the big corporate donors." Not that the democrats are much better but it's fascinating how the republicans are able to unite super rich capitalists and blue collar works into one movement although their interests are directly opposed. I think it's because they don't talk down on people like democrats like to do lately.

Consider how much people spent on food back then vs now. Consider the percentage people in smaller countries without large efficient firms spend on food. Consider the far high prices of Canadian milk, cheese, eggs, and chicken as the law caps production and provides no way to eliminate smaller inefficient producers by outcompeting them. Nowhere in the world spends a lower percentage of income on food than the USA. https://ourworldindata.org/grapher/food-expenditure-share-gdp?country=~USA https://ourworldindata.org/grapher/food-expenditure-share-gd... The system works for consumers. Tremendously well.

llm_trw 2y ago
In 2022, before the bulk of the current inflation materialized. Saying it worked before is a bit like saying "I can't have diabetes, I played football in highschool!".
lotu 2y ago
I'm not sure that data is super telling, all it means is the food is a lower percentage and giving the costs of education, housing, and insurance perhaps not that surprising.
HumblyTossed 2y ago
You know, you're right. We should be perfectly okay with things just the way they are. In fact, let's just keep going until there's only one big player in every market!
justinlloyd 2y ago
This reads like whataboutism. Very disingenuous.

bryanlarsen 2y ago

Exactly! We need a president who would appoint a radical trust-buster like Lina Khan to the FTC.

SubiculumCode 2y ago
lol nice. Lina Khan was a brilliant appointment by Biden, I just hope that her work continues and accelerates over another Biden term. In my opinion, America will only stay on top of we ensure robust multilevel competition in the marketplace.
- nojvek 2y ago
  If Trump is elected, Lina Khan is sure to be let go or FTC hampered. I find it fascinating how MAGA republicans think Trump is there for the small guy, yet his appointment and policies really benefit the big corporate donors.
  - rqtwteye 2y ago
    "I find it fascinating how MAGA republicans think Trump is there for the small guy, yet his appointment and policies really benefit the big corporate donors." Not that the democrats are much better but it's fascinating how the republicans are able to unite super rich capitalists and blue collar works into one movement although their interests are directly opposed. I think it's because they don't talk down on people like democrats like to do lately.