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A comment on The Socialist Calculation Debate. Parent comment

Re:The Socialist Calculation Debate by vicktour on Monday May 01, 2023 @12:48PM (#35775490)
The best part about this is removing regulations wont change any prices. They will just keep the profits and continue to raise prices.

1) Company Complains about regulations 2) Gov Removes Regulations 3) Companies do dumb stuff 4) Gov Applies Regulations 5) People forget about dumb stuff 6) Return to step 1.

Case In Point: SVB

[ Parent | on HN ]
Re:The Socialist Calculation Debate by sharemywin on Monday May 01, 2023 @12:55PM (#35775609)
Not too mention that companies consolidate to cartels(I'm looking at you industry trade groups) which have significant pricing power so the cost usually don't end up with the consumer.
[ Parent | on HN ]