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...
CPP is the latest on Carney’s chopping block
The new $50 billion Brookfield partnership puts hard-earned Canadian pensions at risk.
All eyes should be firmly placed front and centre on the current situation between Mark Carney and our Canada Pension Plan (CPP). His furtive sleight of hand is in action once again. In short, his latest method of eventually transferring our hard-earned fund over to his bedfellow Brookfield has begun.
The Canada Pension Plan Investment Board and Brookfield have launched a $50 billion “Maple Fund.” Their explanation is that it will be utilized to funnel capital into critical infrastructure and other industries across Canada. Be afraid. Be very afraid.
In 1965, the CPP, introduced by the government, was initiated in order to assist people who did not have a retirement pension. Employees gave a certain percentage of their income to the fund, and the employers matched that figure. To be exact, 15% of income before taxes.
This fund consists of our hard-earned money, and we ...
