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Cake day: July 2nd, 2023

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  • Under current legal interpretation absolutely not. Which is the problem that’s being looked at. It’s not legislation, it’s based on supreme court rulings, that could easily be overruled by congress. It’s going to be a very long debate before that happens sadly. Which is good on the side that setting a new anti-trust standard will absolutely rock the economy, so a snap decision isn’t in anyone’s interest. But at the same time, as we’ve seen from the pandemic inflation, without competition in the market, price gouging is getting out of hand. Market steering and manipulation by individual corporations is also getting out of hand, it just doesn’t generate the same level of public outrage.
















  • Skyrmir@lemmy.worldtoNews@lemmy.world*Permanently Deleted*
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    1 month ago

    You don’t want congress writing exacting laws in a lot of regulatory situations. Think if congress right now was setting interest rates. It wouldn’t get done until long after the economy had imploded. Even if they were listening to the same economists, political problems would create a disaster. The same is true in most cases concerning the EPA and other regulatory agencies. By the time congress would be able to respond to a situation, everyone would have died of whatever the problem was.


  • Accounting practices reflect exactly what is relevant to profits within the desired time frame. There are no laws that make employee seniority valuable within the business cycle, so it has no value to account for.

    The investment that business sees is like you spending a thousand dollars a year for a century in order to make a million dollars. Sure it’s a 10 to 1 return on investment, but you’ll be dead, so is it really worth it?