new journalism and new world order
and the times they are a changing. let's make sure they do.
"a basic dictum of microeconomics is that competition drives the price of a good or service down to the marginal cost of the marginal producer. many seem to disbelieve this because they see profit from many producers, but this is generally always because they have some form of pricing power or cost advantage that the marginal producer does not. under assumptions of “perfect competition” as laid out in econ 101, such advantages do not exist. but, obviously, these “perfect” conditions rarely exist in full form. in essence there are 5 requirements:
- many sellers (no monopoly/oligopoly)
- many buyers (no monopsony)
- homogeneous goods
- perfect information (about production capability and market participants)
- free and costless entry and exit to markets
any market that even modestly approaches this will see a remorseless
https://boriquagato.substack.com/p/new-journalism-and-new-world-order...
I am watching and listening to the Town Hall in Red Deer on X and covering a lot of good questions and panelists. Over 10,000 watching.
I wish the media would honestly cover it but it will be slammed on talk shows and newspapers.
I noticed that our membership is growing so people must be mentioning this group around. Welcome.
We have a few regular posters, but anyone can post, so if you come across something especially worth passing on, please do.
For those who may be new or who have been here for a while and never posted our group enjoys articles and other posts that provide a unique perspective and challenge the common narratives, fill in blanks, or simply entertain.
Readers 'like' some articles more than others, but 'liking' to me is more a sign that we found the article useful than that we agree with it. I often 'like' articles that i thought to be are quirky, off-base, or just plain wrong, but worth reading.
