Seeing Red over Red Tape
The Blind Squirrel's Monday Morning Notes, October 2nd, 2023.
Last week, we discussed the popularity of ‘Big Government’ with the median voter. This weekend the libertarians very nearly got to live through their fantasy of ‘zero government’ come Monday morning!
The FTC antitrust lawsuit against Amazon AMZN 0.00%↑ has got the 🐿️ thinking about a topic that gets many raging - that is regulatory capture by large corporations.
Consumers also need to be vocal about the wicked cousin of regulatory capture that is regulatory arbitrage!
Amazon was already looking shaky before its latest legal dramas. Is the equity market at risk of losing another of its major drivers of year-to-date returns?
The audio companion to this week’s note will be uploaded to Substack on Tuesday to allow me to incorporate comments and feedback from this note. It will also be available as a podcast on Apple, Spotify and the other major podcast apps.
Seeing Red over Red Tape.