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The argument works at the margin as well, though. Suppose companies deliver value X and also extract rent Y, and defend Y on the basis that it would threaten th
by ajb 5mo ago
The argument works at the margin as well, though. Suppose companies deliver value X and also extract rent Y, and defend Y on the basis that it would threaten the value of pensions to prevent it - this is rebutted in the same way.
- twoodfin 5mo agoI don’t get the point you’re trying to make. What if X >> Y? Why should we think otherwise?