I think the that's commonly held, let me make the argument more generally, when you ask, why was the twentieth century so great in america over all? Despite horrible depression, two world wars, i ye, now lots of challenges, why did it turn out so? I just don't see that argument empirically. Nobody actually has an interest in competitive labor markets. Everybody would like to be a monopolist. And with thas coalitions force for certain non competitive elements. So at some points in human history, you're going to find yourself close to the extreme of the slavery system where coercion is very strong. There is huge in balance of power because employers are monopsonistic

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode