listening to this as usual with such hearings overall my occasional residual respect for elected representatives is the greatest casualty what a fucking joke of a chamberhttps://twitter.com/tszzl/status/1288529863352213505 …
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This implies we can't judge publicly traded companies for any kind of protectionist lobbying or ass covering ever. Setting aside what is legally required, I don't think this is a reasonable obligation to incur to be publicly traded, nor a virtuous way for execs to behave.
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competitive pressures go brrr
mildly inefficient altruistic behavior by firms gets a gold star, inefficiently-malign behavior gets a black mark, everything else is simply bad market design
End of conversation
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