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NOLA_Tachyon t1_j2u3lk5 wrote

Reply to comment by ExploratoryCucumber in European economies have developed stronger anti-trust regulations, more competitive markets, and more robust consumer protection than the US in the last 20 years. The reason for this is the EU. EU member states are incentivized to empower a strongly independent pro-competition regulator. by smurfyjenkins

Capitalism needs a magical frictionless universe of perfect actors to function correctly.

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LexSenthur t1_j2vm4zl wrote

First seven semesters of an Econ BA: Here’s how things work given the following assumptions.

Final semester of an Econ BA: You can never make those assumption in real life.

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red_knight11 t1_j2wri6j wrote

This includes politicians who legislate in favor of megacorps and create more friction for small businesses which makes it harder for them to compete

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jjj123smith t1_j2uimpr wrote

You mean communism?

Because the capitalist country of Norway is functioning correctly…

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