I think free trade and capitalism are amazing, but there are a few key improvements that are needed to correct some issues we’ve seen with the system:
Note – I at first had this backwards… I am still opposed to acquisitions that reduce competition and harm consumers such as this though.
First TD Ameritrade acquired Scottrade and replaced that beloved platform with their usability nightmare.
Now Charles Schwab is acquiring TD Ameritrade.
Each time two companies merge, a competitor is removed from the market and services for all customers in that industry get worse.
The Economist | A world of walls https://www.economist.com/special-report/2019/11/16/to-make-the-world-richer-let-people-move?frsc=dg%7Ce
If everyone who wanted to migrate were able to do so, global gdp would double, estimates Michael Clemens of the Centre for Global Development, author of a forthcoming book, “The Walls of Nations”. No other policy change comes close to generating such colossal rewards. If there is $90 trillion a year up for grabs, you might think that policymakers would be feverishly devising ways to get a piece of it.… read more “The Economist – Shared Article ‘A world of walls’”
If Boomers had had the courage and generosity of the generation that went through the Great Depression, fought WW2, and still issued forth the Marshall plan and invested to bring their hated enemies out of totalitarianism into the light of true democracy and freedom, we would not have the nightmare we have today where dictators are rising all over the planet and gaining influence.… read more “Boomers Suck”
I had an interesting dream last night.
I dreamed I was flying in a little Cessna 182 with a rock climbing buddy who took big risks; he scraped the landing gear on trees. I got out and felt bad about being a weinie but wouldn’t get back in.
Then my dream morphed into a gigantic abandoned rotting stone castle set into rocky cliffs overlooking the ocean.… read more “Dream”
