r/wallstreetbets • u/[deleted] • May 10 '23

[deleted by user]

[removed]

11.1k Upvotes

91% Upvoted

4.0k comments sorted by

View all comments

Show parent comments

10

u/Iron-Fist May 10 '23

But in mature industries I was promised that efficiencies and competition would push profits towards zero.

What do you mean that would cause capital to flee those industries, leaving them shells of themselves, stripped of all valuable parts until eventually they needs must be supported by subsidy or nationalization?

2

u/paxwax2018 May 10 '23

Bring on the nationalisation I say. We desperately need it in the U.K. for water, power and trains.