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Personal Finance Topics / Macroeconomic Trends and Risks❤
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Author: weatherman   😊 😞
Number: of 555 
Subject: Re: Economic Theory That Explains Middle-Class Angst
Date: 06/10/2024 4:14 PM
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not infrequently, the right blog can offer simpler explanations with better insights than the NYT\WAPO\etc...

there is some irony here, as 'noble' hidden oligopolies are lauded as virtuous and quite in favor for continuous capital from shrewd'm (and many other investors)

"Where did these economic termites come from? We decided four and a half decades ago that monopolies were good. After 1998, the Antitrust Division stopped bringing monopolization cases, and in 2005, the Supreme Court unanimously endorsed monopolization as foundational to the health of American economy. After twenty years of not bringing cases, business executives realized the best way to run a business was to create a tollbooth in some mostly unnoticed part of society. So now, each supply chain is made up of a bunch of different bottlenecks, too small to notice."

https://www.thebignewsletter.com/p/economic-termit...
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