The Market Ticker - Nobody?
When the rule of law is ignored — when those “in power” or “powerful” are free to break it, then very bad things happen.
You may be misled to believe that in the main good things will happen. Like, for instance, if monopolists can abuse their power to screw you with health care pricing, cross-subsidize their businesses so you have “Prime” services and similar that there is an “on-balance” for all of this which leads to prosperity. You’ll get Medicare. You get “low prices” at WallyWorld and on Spamazon. You can finance that new car, or get creative to buy a house. And so it goes.
Never mind that all of these distortions are either illegal or someone sought — and got — a special exemption.
When it comes to the medical monopolies they didn’t bother seeking or getting anything. …….
(Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=234437
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