Start by paying people to do nothing—1.8 million workers, according to a recent Morning Consult poll, have turned down jobs due to generous unemployment benefits, including an extra $300 a week from the federal government in some states. Meanwhile, Burger King is offering a $1,500 signing bonus.
Anticapitalists then shut pipelines (except Russian ones) and suspend drilling leases in parts of Alaska, helping send oil prices above $70. The government says it wants to limit carbon emissions, but then it squashes better energy options like nuclear. On June 30, months after New York state closed the Indian Point nuclear power plant, Mayor Bill de Blasio asked New Yorkers to cut back on energy usage during a heat wave. You can’t make this stuff up.
An anticapitalist would next restrict capital formation, so President Biden has proposed raising the top capital-gains rate from 23.8% to a punitive 43.4% and the top individual income-tax rate to 39.6%. Mr. Biden also wants to waive Covid vaccine patents—making pharma companies think twice before investing in new drugs—and is even pushing a series of antitrust bills that could reverse mergers, like Facebook ’s 2012 purchase of Instagram, as if that would do anything good for the economy or consumers. Nothing is safe.
https://sci-hub.se/10.1186/s12958-020-00575-2
http://sci-hub.se/10.1016/j.euf.2020.02.006
Btw, this thing is not random, as less testosterone means higher profits for corporations, as you can push such people to work more and they spend less time on private life and are less distracted during work time. Also sperm quality has total correlation with testosterone level, 1:1.
As usual social democrats want to "improve capitalism":
None of this will ever happen, sadly :-)
They rob us, hiding behind the laws that they themselves come up with.
And is it the such important difference, according to the law, I will be robbed or not according to the law?
I do not care!
N. Nosov "Dunno on the Moon"
We document the evolution of market power based on firm-level data for the US economy since 1955. We measure both markups and profitability.
In 1980, average markups start to rise from 21% above marginal cost to 61% now. The increase is driven mainly by the upper tail of the markup distribution: the upper percentiles have increased sharply. Quite strikingly, the median is unchanged. In addition to the fattening upper tail of the markup distribution, there is reallocation of market share from low to high markup firms. This rise occurs mostly within industry. We also find an increase in the average profit rate from 1% to 8%. While there is also an increase in overhead costs, the markup increase is in excess of overhead. We then discuss the macroeconomic implications of an increase in average market power, which can account for a number of secular trends in the last four decades, most notably the declining labor and capital shares as well as the decrease in labor market dynamism.
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