https://mastodon.social/@MEActNOW/112956139620337300
News: https://www.forbes.com/sites/kellyphillipserb/2024/08/06/coca-cola-could-face-16-billion-irs-bill-after-its-tax-court-arguments-fall-flat/
Externalities with no direct impact on the company? No way! Milton Friedman assured me that capitalism was perfectly balanced with 0 exploits!
Why, the free market can solve externalities! We just need an economy with
[checks notes]
negligible transaction costs. Easy, any day now!
People tweeting stuff. We allow tweets from anyone.
RULES:
Externalities with no direct impact on the company? No way! Milton Friedman assured me that capitalism was perfectly balanced with 0 exploits!
Why, the free market can solve externalities! We just need an economy with
[checks notes]
negligible transaction costs. Easy, any day now!