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...
This is quite a Read.!!
Wow!!!!! she’s pissed!! we all should be..
One really pissed-off CANADIAN citizen!!!
It appears that this Senator hit a sour chord with this young lady!!
Jeff Smith, a Senator from Quebec, calls senior citizens the "Greediest Generation" as he compared , Old Age Security to "a Milk Cow with over a million teats".
Here's a response in a letter from Patty Johnstone in Ontario ..
I think she is a little ticked off! She also tells it like it is!
"Hey Jeff, let's get a few things straight!!
1. As a career politician, you have been on the public dole (tit) for FIFTY YEARS.
2. I have been paying CPP & OAS for 48 YEARS (since I was 15 years old. I am now 63). Being a Canadian citizen for over 20 years & paying my taxes, I am eligible at 65 to apply for Old Age Security - OAS (paid for through my taxes).
3. My Canada Pension payments, and those of millions of other Canadians, were safely tucked away in an interest bearing account for decades until you political pukes decided to raid...
Google paper ignites Bitcoin debate over freezing 4M dormant coins
https://www.perplexity.ai/page/google-paper-ignites-bitcoin-d-EBq8Y4YfRhqrQYMFtg4u1g
