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Cake day: July 5th, 2023

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  • How was the situation any different 10 years ago? I think it was the same in most regards. Different services but same market dynamics. I think the CRTC can (if given the authority, mandate etc) hit ROBeLUS quite effectively. Monopolies/oligopolies aren’t only efficient at producing stuff and extracting maximum profit. They’re also efficient to regulate because you have only a few firms to regulate and check for compliance. If someone wanted to regulate them, and if the regulatory apparatus wasn’t captured by them, which it might be. It’s not lost on me that they’re also more efficient at regulatory capture.












  • Seems like there’s truth to that:

    Following the eruption of the Korean War, US President Harry S. Truman dispatched the United States Seventh Fleet into the Taiwan Strait to prevent hostilities between the ROC and the PRC. The United States also passed the Sino-American Mutual Defense Treaty and the Formosa Resolution of 1955, granting substantial foreign aid to the KMT regime between 1951 and 1965. The US foreign aid stabilized prices in Taiwan by 1952. The KMT government instituted many laws and land reforms that it had never effectively enacted on mainland China. Economic development was encouraged by American aid and programs such as the Joint Commission on Rural Reconstruction, which turned the agricultural sector into the basis for later growth. Under the combined stimulus of the land reform and the agricultural development programs, agricultural production increased at an average annual rate of 4 percent from 1952 to 1959. The government also implemented a policy of import substitution industrialization, attempting to produce imported goods domestically. The policy promoted the development of textile, food, and other labor-intensive industries.

    From: https://en.wikipedia.org/wiki/Taiwan?wprov=sfla1