Sunday, January 27, 2019
I learned something!
Excellent concise analysis by Marshall Auerback.
Point: Antitrust regulation shouldn't simply break BIG rocks into LITTLE rocks. Big corporations are necessary to accomplish big tasks, and very small companies can't pay decent wages.
Even though I've made this point repeatedly, and even though I'm FDR's biggest fan, I never pulled the whole picture together. I never focused on the failures at the small end of the scale. Auerback did it, and I learned something! Thanks, Auerback!
¶ 12:14 AM 
