Rebecca Giblin on chokepoint capitalism
Rebecca Giblin on chokepoint capitalism
Posted Apr 3, 2023 0:43 UTC (Mon) by marcH (subscriber, #57642)In reply to: Rebecca Giblin on chokepoint capitalism by motk
Parent article: Rebecca Giblin on chokepoint capitalism
It's no surprise that Libertarianism is especially strong in the USA: this is where "David vs Goliath" myths and cults of many world-saving heroes (fictional and not) are the strongest. Hollywood stories do reflect the specific culture they come from, the one where parents tell their kids that "anything is possible".
So it's no surprise either that monopolies, monopsonies and "chokepoint capitalism"strive here. Designing regulations that can tame them and maintain some competition is really difficult and can indeed backfire, so why bother when you can just wait for David Libertarian to show up and "disrupt" the oligarchy? Like in the movies.