21–30 of 270 posts
We need to legalize public caning and the stocks.
Things like this mainly occur in markets with little competition, killing of small business causes issues like this. Much of our grievances are caused by our high level of market concentration.
Once you see this pattern, you see it everywhere.
>While most normal people at the time thought someone was likely scamming them, that is not the message you heard from the industry, elite media, or economists. Throughout the alleged conspiracy, industry executives and analysts were saying that there was nothing to see except a supply shock of a disease killing lots of hens
The idea that something more nefarious than the bird flue was going on was very unpopular on HN at the time
That'll show em! (that they should continue with the price fixing). I look forward to the day when we no longer have a pro-corruption government.
Do you have any evidence the settlement terms are corrupt? There were 17 states involved. Many of those states have governors that are not in the same party as the president. https://apnews.com/article/egg-prices-collusion-settlement-d...
Reminds me of the Egg Greed Graph. https://pbs.twimg.com/media/HFa2bQlWcAARYNB.jpg Why is it people have such a hard time understanding that this is what we want markets to do? If there is a scarcity of some resource, the prices rise and this motivates producers to produce more and consumers to consume less, until an equilibrium is found. On net, this means that we can have more of what we want for less effort over t…
Collusion is not a market force and is actually highly illegal and corrupting of markets, so this doesn't seem relevant at all.
Reminds me of the Egg Greed Graph. https://pbs.twimg.com/media/HFa2bQlWcAARYNB.jpg Why is it people have such a hard time understanding that this is what we want markets to do? If there is a scarcity of some resource, the prices rise and this motivates producers to produce more and consumers to consume less, until an equilibrium is found. On net, this means that we can have more of what we want for less effort over t…
We really need to bring back corporal punishment, both for petty crimes and white collar crimes. The prison sentences don't make sense for the petty crimes, and the fines don't make sense for the white collar crimes. We need to legalize public caning and the stocks.