Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 522502371411099649
yeah but you can get studies to tell you how likely that would be to happen
you cant assume ceteris paribus every time
It's more of economic theory
When you cut regulations you save the firms money
= economic growth, higher wages, lower unemployment
in theory, ceteris paribus, you would be correct, but in practice often times more regulation doesnt necessarly mean people are worse off than before
It's always like that
regulations don't do anything
it's literally not
apart from raise prices
limit consumer choice
cause high barriers to entry
reduce economic growth and employment
again
you are correct
if you assume **ceteris paribus**
Let me give you an example
ISPs are monopolised you agree?
in USA?
yes
because of regulation
Regulations such as net neutrality and zoning laws
correct
healthcare hospitals is monopolised
and prices are soaring
why?
Over regulation of the market
i dont think net nautrality caused the problem of ISP monopolies but ok
it's mostly the special status that some local governments give these ISPs
Net neutrality limited competition
this video explains it
it was made by a network engineer
Don't know what ben said
he basically said more regulation = bad
Net neutrality isn't the sole cause of the ISP monopolisation
yes
it was the zoning laws
yes zoning laws are probably the biggest reason
this is wrong already