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Cake day: June 13th, 2023

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  • Many monopolies form by first using a dominant market position to sell at a price no competitor can afford to match. Choice has already been removed before the “competition” folds or pulls out of the market. The consequences don’t happen overnight; you feel the squeeze before the “true” monopoly emerges. Amazon isn’t going to sell at a cheaper price once their competitors go out of business out of the kindness of their hearts.

    Further, high consumer price is just one form monopoly power takes. Reduced labor power, wages, and worse working conditions are other important concerns, in addition to removing product variety and innovation incentive.









  • Not being in constant contact with everyone you know, and not having a neverending stream of notifications assaulting you via your phone.

    When you got to see relatives who lived far away, you talked about what had been going on in their life because you probably had no idea.

    You read, listened to, or watched the news when you wanted to, unless someone you know told you sooner.

    If you had to wait somewhere without a book or magazine, you just sat there with your thoughts. During childhood, you learned how to be bored and practice imagining things.