Re:Elizabeth Warren Proposes Breaking Up Tech Giants Like Am...
by nabla9 on Friday March 08, 2019 @10:53AM
(#19338602)
You should think in the terms of opportunity cost.
The alternative to what you suggest is not zero growth of wealth. It can be even larger growth of wealth when the markets work better.
The type of anti-markets and pro business approach where big corporations are shielded from the markets and monopoly powers are allowed as long as antitrust felony crimes don't happen is perversion of capitalism. The ideological foundation for this tinking was laid out in Robert Bork's book 'The Antitrust Paradox' (1978) that Reagan administration used as their bible.
The alternative to what you suggest is not zero growth of wealth. It can be even larger growth of wealth when the markets work better.
The type of anti-markets and pro business approach where big corporations are shielded from the markets and monopoly powers are allowed as long as antitrust felony crimes don't happen is perversion of capitalism. The ideological foundation for this tinking was laid out in Robert Bork's book 'The Antitrust Paradox' (1978) that Reagan administration used as their bible.