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Imo the us desperately needs to break up large monopolies and reestablish or increase free market competition. It increases innovation, increases jobs, increas
by AtlasBarfed 2y ago
Imo the us desperately needs to break up large monopolies and reestablish or increase free market competition.
It increases innovation, increases jobs, increases labor movement, and decreases inflation.
I'm of the opinion that a great deal of the last round of inflation was companies realizing their cartel power to set high prices because meaningful competition is so rare.
We like will be onshoring or near shoring more production in the coming decades and large cartel powers are less likely to do so because of sunk costs.
... It won't happen though.
- bwb 2y agoIt might, some good steps appearing. Lets check back in 12 years
- deleted 2y ago[deleted]
- mainecoder 2y agoManufacturing is getting worse from the U.S. Air Force having to reverse engineer parts to the U.S. Navy facing similar challenges with obsolete components and diminishing manufacturing sources for its aging fleet. Boeing in decline ... the list goes on but then there is SpaceX.
- JumpCrisscross 2y ago> from the U.S. Air Force having to reverse engineer parts to the U.S. Navy facing similar challenges with obsolete components and diminishing manufacturing sources for its aging fleet Military procurement is a bad source from which to project all American manufacturing. You’re also comparing a quality problem (USAF) to a quantity problem (closing shipyards).
- HillRat 2y agoAlso that a lot of (specifically Navy) sourcing problems come from DOD being the only buyer of obsolete products, such as 8-bit microcontrollers used in fire control systems designed in the 1970s.
- Spooky23 2y agoIt’s sexier to build useless warships without weapons that get scrapped in months than to keep a gun or sensor working in sustainment.
- mensetmanusman 2y agoNote that publicly traded companies are incentivized by the government and wall st. to send manufacturing out of the country.
- corimaith 2y agoConsidering how cheap money was during the last decade or so, I dont think it was a matter of resources in dislodging competitors, it was a lack of imagination.
- derbOac 2y agoThere's still much too much over regulation in my opinion though, and too much monopolization. Cheap money being dumped into a broken system won't do much. But you raise an important point.
- tracker1 2y agoI keep thinking a few states could actually do a few things to help this by requiring local production. For example, if $STATE added a regulation that prohibited the import of less than a half-cow carcase into the state, requiring local meat packing and butchery, this could cut into the mega packers and limit the risk of an infection taking out an industry for weeks. Similarly for other products. It would also keep at least some more of that money circulating in the state/country. I'd also like to see FDA requirements for at least dual-sourcing for all prescription medications and at least 50% domestic production. While these won't force the large conglomerates to break up, it would allow for at least some opportunities for local and upstart competition. A lot of it makes sense strictly from a defence of supply lines PoV. Which should have been a set of major lessons learned from COVID. I also do favor heavier tariffs in trade with nations that don't have similar work standards and/or use non-criminal citizens/residents effectively as slaves. On top of all of that, yeah, the FTC needs to break up some of the massive conglomerates.
- mrguyorama 2y agoMy limited understanding is that the interstate commerce clause significantly prevents this. States cannot regulate interstate commerce.
- tracker1 2y agoThey can regulate their own. You cannot bring certain plants into California. You cannot transport live crawfish in Arizona. The entire base premise of "Smokey And The Bandit" is based on state restrictions. A state may be limited in things transported through the state, not necessarily into/for the state.