morganism comments on The progressive case for replacing the welfare state with basic income - Less Wrong

-5 Post author: morganism 11 September 2016 10:41PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (21)

You are viewing a single comment's thread. Show more comments above.

Comment author: morganism 12 September 2016 10:10:30PM 0 points [-]

No, what happens is that the original producer plays a stock short on the new guy, does an M & A on them, then liquidates the new company while trapping any intellectual property and patents in the safe.

Then we lose competition, price pressure, and innovation.

And even more folks are out of work.