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Pete F. 12-19-2018 11:27 AM

Monopoly
 
An interesting video that explains at least one reason the presenter thinks the middle class is shrinking among other things
https://youtu.be/KLfO-2t1qPQ

detbuch 12-19-2018 01:30 PM

Here's another interesting video that has an opposing view to your Progressive Robert Reich view of monopolies by the Libertarian economist and philosopher Yaron Brooks:

https://www.youtube.com/watch?v=Hq3ji866duc

And it was also interesting, not mentioned by Yaron Brook in this video, after the government broke up Standard Oil, the prices went up, not down.

It was also interesting that when we were discussing the high cost of healthcare, and I provided an example of a free market competitor to the government regulated hospital monopolies, you poo-pooed it because no country had tried it. Yet it was actually working and providing care at far lower prices. And it was an example of a middle class enterprise--the very thing you want to bring back. And it was government regulation that made it difficult for the spread of these small business clinics. But, and here's the problem, you believe that it requires countries (not individuals) to create that middle class. So, for you, without government initiative and control, it ain't no good.


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