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Standard Oil Part I
Acquired
Rockefeller's Argument Is Like, All This Was Good for Consumers
In the most recent amazon letter to shareholders, when jeff bazos calculates the amount of consumer surplus, he's like, if you look how much amazon shareholders have profited on us. Ye, again, counter factual, impossible to know, but there is definitely a world where the kerosene industry doesn't develop in anywhere near the same scale or impact or size. But yet, rockefeller's making the same point here. I think it's really interesting. You know, i think the chinese political economic philosophy is really alined with the standard oil view of the world right which is that, like, unfettered competition is fine in the early days of
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