Adam Smith: if you make a profit, others will see it and start a company that will take part of that profit by competing, and so on and so on, util all companies are perfectly streamlined to satisfy demand efficiently.
Neoliberals: so what you are saying is we should avoid competing at all cost? Sure! No efficency! Only profits!
13 Comments
mumblerfish@lemmy.world · 63 pts · 2y
Adam Smith: if you make a profit, others will see it and start a company that will take part of that profit by competing, and so on and so on, util all companies are perfectly streamlined to satisfy demand efficiently.
Neoliberals: so what you are saying is we should avoid competing at all cost? Sure! No efficency! Only profits!
PeepinGoodArgs@reddthat.com · 47 pts · 2y
henfredemars@infosec.pub · 26 pts · 2y
Our anti trust is currently not far from asking nicely to not abuse your market position. Has there been a change to give it some teeth?
With that said, it could be even worse!
PeepinGoodArgs@reddthat.com · 38 pts · 2y
kiku123@feddit.de · 9 pts · 2y
Here's a short podcast about her: Planet Money
The podcast pretty much just sums up what you already said, but this is for people who don't like reading.
Godric@lemmy.world · 3 pts · 2y
Lina Khan is my spirit animal
MxM111@kbin.social · 26 pts · 2y
Of course, for business “do better for low prices” is usually translated “work longer for longer for lower salary”.
phorq@lemmy.ml · 26 pts · 2y
Why compete when you can not?
frunch@lemmy.world · 25 pts · 2y
Welcome to Barnes & Staples & Kohl's & DunkinDonuts/Baskin Robbins & Noble
perishthethought@lemm.ee · 1 pts · 2y
You forgot:
I love you.
Potatos_are_not_friends@lemmy.world · 15 pts · 2y
Companies gobbling up other companies like pacman.
Tale as old as time.
Kyrrrr@lemmynsfw.com · 6 pts · 2y
Evolution really hasn't gotten passed the amoeba model
Traegert@lemm.ee · -4 pts · 2y
Gnelfo@lemmy.world · 13 pts · 2y
Are you ok?
Traegert@lemm.ee · 3 pts · 2y
No. Do I come off as okay?