Equity: The Thief of Human Potential
by Thomas Sowell
This is why Elon Musk uses Signal as his Messaging app.
“When government gets bigger, whether it’s through spending or taxes or regulation … big business benefits,” Tim Carney of the Washington Examiner explains.
Amazon’s Jeff Bezos wants government to impose a $15 minimum wage. “The problem is [Bezos] doesn’t want to just pay his own workers $15 [but] to outlaw other business models … smaller businesses that might not be as efficient,” Carney says.
Amazon can afford an army of warehouse robots, but mom and pop shops must pay actual people.
If they can’t afford $15, they go out of business. Carney adds: “Capitalism is a cutthroat thing, but this isn’t capitalism. When you turn to government to regulate your competitors out of business, we need to say, ‘No, this is wrong!'”
The video above includes more examples of how big business partners with big government to defeat smaller competitors.