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Parent Post: So, about that light bulb cartel...
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In Reply To
sonatime
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4/26/2026, 8:54:05 PM
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🙂 I'm only interested in truth, facts, and logic. I form my ideas and observations based on what I’m aware of. That’s it. The Schlitz clip was just an interesting example of what happens when bean counters take control of a company they don’t actually understand. Beer customers are easy to lose but hard to win back, which is exactly why the brewmaster and quality control were the most valuable parts of the business. I still haven’t gotten to the economic part of the podcast. I wish the video had timestamps. Foreign governments subsidizing their exports does put real pressure on domestic producers and one the best ways to handle it is to keep own domestic market as free and flexible as possible. Lower regulatory barriers let industries absorb shocks, innovate, and pivot quickly when conditions change. The far bigger long-term risk, I believe, is domestic over-regulation that rigs the game in favor of giant corporations and creates de-facto monopolies. The US pork industry is an example: heavy USDA inspection rules, environmental compliance costs, and processing requirements drove thousands of independent family hog farms out of business. The number of hog farms in the US plummeted from roughly 660,000 in the mid-1980s to under 70,000 today, while total production increased. Big agribusiness, the companies that could afford the red tape, simply mopped up the market. What began as “consumer protection” and environmental safeguards ended up consolidating an entire sector into the hands of a few dominant players.
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