AbsurdZugzwang on Nostr: Can the state do no action to benefit free markets? We have an oligopoly in our ...
Can the state do no action to benefit free markets? We have an oligopoly in our banking sector, and a few years ago they were all charging the same rip off fees to customers. We had a royal commission and the bags were charged a fine and new laws now prevent them from charging excessive fees. How is this bad for competition?
Published at
2025-05-12 01:41:51Event JSON
{
"id": "15889e862d9ba9916be85a8c8475fba0c5c86f6151c4560487af5ac27d69f912",
"pubkey": "75f00a4aa9f286efe7e90cfcd5e1784c3ad2b096d680b02b4be06b3078cb6425",
"created_at": 1747014111,
"kind": 1,
"tags": [
[
"e",
"af497def3eb3f2bb2cbd92e88c5143b4ea561a332cf128b5aca2752588b5a92e",
"",
"root"
],
[
"e",
"0d9cf6e4b2636a241c4f5de7cb03472012f395c5a64dfe7f5c7f205ef84b0f68",
"wss://nostr-pub.wellorder.net",
"reply"
],
[
"p",
"2efaa715bbb46dd5be6b7da8d7700266d11674b913b8178addb5c2e63d987331",
"",
"mention"
]
],
"content": "Can the state do no action to benefit free markets? We have an oligopoly in our banking sector, and a few years ago they were all charging the same rip off fees to customers. We had a royal commission and the bags were charged a fine and new laws now prevent them from charging excessive fees. How is this bad for competition? ",
"sig": "4777d4c269789502ac9effa018c34e7266bdbb07d3160d3f74af9920865f1ebf502d4123acc2b7e595161feb26ce9fc4749e3c900cc3b1acb86866a591a20e21"
}
