Washing Machines, Econ.?
Football without refs is just a rumble, and so is an economy without rules. Capitalism works partly because it turbocharges greed, but it also fails because it turbocharges greed. The profit motive gave us the iPhone, artificial intelligence and electric vehicles, but it’s also given us online hucksters, corporations that prefer to merge rather than compete and online subscriptions that take a moment to click and hours to cancel. Smart regulation creates more of the former and less of the latter.
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