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We are experiencing a lot of late stage capitalism issues.
With the increasingly valid excuse of uncertainty, mega corps ‘must’ make more money now because they don’t know what kind of economic hardships they will have to be prepared to endure in the future.
That risk is built into the cost of goods, and can’t easily be quantified, so a bill capping profit margins isn’t really feasible. And let’s not forget who really crafts legislation these days.
In my state, there is a limit to the number of liquor stores one person/corporation can own. They recently increased it from one to three. This law makes a lot more sense for housing than it does for liquor stores, but unfortunately there are too many billionaires with skin in the game.
A crash in housing prices comes with its own set of problems as well, so whatever changes are necessary, they should be taken slowly so as not to cause another collapse in the housing market. Home ownership is still the primary way for the average American family to develop any meaningful wealth, good or bad as that may be.
Whatever changes need to happen, they must be gradual and sustained over a long period of time. Massive and abrupt changes create instability which will have unanticipated consequences.
We want these mega corps to be like the proverbial frog in the boiling pot. Eventually, monopolistic and racketeering like practices could be diminished while millions are lifted out of poverty. If it is to happen, it will take time.
If I were a betting man, I would say that meaningful change is unlikely. Mega corps will continue to squeeze every penny out of the people, leaving us only enough to continue buying their shit. Bernie may have been able to do it, but sadly that ship has sailed.