One of the most off-brand opinions I’ve recently developed is that we need regulation that systematically fights moats. Markets are man-made, they’re good because competition is good, and moats are bad for competition.
The counter-counter-argument is that some level of defensibility is good because otherwise all costs get squeezed in a purely free market and workers will bear the brunt of that
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An interesting example of squeezing the middle class is the deregulation of long haulinghttps://www.npr.org/2020/08/10/901110994/big-rigged …
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