Message from @el pebble
Discord ID: 520278838174023680
Yes, that's what I mean.
Aka wage growth reduces
That’s why you don’t have mass migration
But immigration is good and needed
With competition you don’t have monopolies
Theoritically, yes.
Practically, not always.
That’s practical
Yes everyone knows the iron law of wages sid
Wages are suppressed by a increase in labour supply
Immigration brings many problems, sometimes.
yes
And in some nations.
Of course
That’s why you need to be sensible
Exactly.
I’m 100% pro immigration
Especially skilled
Capitalists get upset at low birthrates and seek immigration on purpose
Look at you
Skilled should be number one priority
But
If monopolies cant exist cuz farmer joe with hiz 1 acre is competing with say a company that owns 99% of the countries farms, that 1% being farmer joe, and they are still not a monopoly then the definition of monopoly is simply propagandic
Mass migration is bad
Extremely bad.
what is to stop mass migration if we have a free market?
I’m not advocating for a completely free market
But considerably close
But with good immigration laws
Cost advantages literally make natural monopolies
Competition doesn't exist
Yes it does
Atleast in free/more freer market societies
Cost advantages do not make natural monopolies
That’s a myth
state intervention makes the monopolies with high barriers
Barriers to industry are almost completely natural
No state intervention can sometimes bring problems to the state itself.