Re:A salt monopoly could spike car accidents in the Midwest
by Spooky23 on Tuesday March 16, 2021 @11:11AM
(#26477778)
End of the day, the market is doing that anyway. Remember the private equity folks are buying up the means of production -- contracting out trucking or whatever is meaningless.
It's obviously building an old-school Trust, but under our current legal philosophy, as long the private equity / public companies slowly boil the frog and the commodity doesn't increase in price quickly, there will be no Federal regulatory action.
All of these things are re-treads of what happened between 1880-1920. The cost efficiencies driving profit are about using computer tech to reduce labor and other costs. In the old days, it was spinning machines powered by coal/gas/electricity displacing water or craft work. It's more profitable/lower risk to build a monopoly and slowly implement cost-cutting than to be forced to do so by a competitve marketplace.
It's obviously building an old-school Trust, but under our current legal philosophy, as long the private equity / public companies slowly boil the frog and the commodity doesn't increase in price quickly, there will be no Federal regulatory action.
All of these things are re-treads of what happened between 1880-1920. The cost efficiencies driving profit are about using computer tech to reduce labor and other costs. In the old days, it was spinning machines powered by coal/gas/electricity displacing water or craft work. It's more profitable/lower risk to build a monopoly and slowly implement cost-cutting than to be forced to do so by a competitve marketplace.