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Truly! imagine if international trade was controlled for the benefit of the people instead of a pump and dump operation for the oligarchy!
by exe34 2y ago
Truly! imagine if international trade was controlled for the benefit of the people instead of a pump and dump operation for the oligarchy!
- huntertwo 2y agoMy mistake, I forgot you could either ban both unicorns and pump and dumps or ban neither! How could I be so dumb!
- exe34 2y agoWhat would a ban even look like in the US? who would enforce it? if it profits the republican party, then there's no government agency left to enforce laws against that.
- huntertwo 2y agoThe president has a meme coin I think we’re going to get a painful reminder of why we have so many financial laws soon.
- InsideOutSanta 2y agoI must point out that you introduced the word "ban." I did not. I don't even know what "banning Unicorns" means, or how that would work. I said, "Unicorns are a problem and should not exist." I suspect that regulation that protects competition and the free market is a pretty effective way of preventing Unicorns from arising in the first place.
- huntertwo 2y agoThat is my mistake - I misinterpreted. In my mind, regulations preventing unicorns (I.e statups > 1B in valuation) would require restricting personal decisions on where to invest money based on size. Protecting competition or free markets IMO would not succeed in preventing unicorns but maybe there is a plan that could work.
- InsideOutSanta 2y agoMy understanding is that unicorns are typically so highly valued because investors believe they will be able to corner their market and achieve monopolistic control over it. This is often their long-term strategy: undercut the market, drive out or buy out competition, and eventually increase prices and enshittify service while continuing to buy or legally destroy any potential competition. There are a lot of links in that chain that strong pro-competition regulation could break.