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Re:The Covid-19 pandemic is forcing a rethink in macroeconomics by paulpauper on Friday July 24, 2020 @11:52AM (#23940942)
The US is going down the route of mixed socialism--more stimulus and bailout programs, plus private ownership and massive wealth creation. You have tens of millions of Americans getting a soft form of UBI, which benefits privately massive companies such as Walmart and Amazon. it is a form of the government picking winners and losers, the losers being small and medium-sized businesses and the winners being these huge big box and tech companies.
Re:The Covid-19 pandemic is forcing a rethink in macroeconomics by chillacy on Friday July 24, 2020 @04:10PM (#23943907)
I've always thought that in the absence of regulation, pure market forces will always favor power conglomerating into few large entities just due to efficiency at scale. Is the absence of enforced regulation (anti-trust, different tax treatments) still the same as actively picking winners and losers?