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Old 08-30-2018, 12:07 PM   #59
tw
Read? I only know how to write.
 
Join Date: Jan 2001
Posts: 11,933
Quote:
Thank you for proving my point, market forces can change instantly.

With a new constitution in 1999, Hugo Chávez changed market forces by using oil revenues and by nationalizing key industries. Short term economic improvements resulted between 2003 and 2007 (ie money games). Then a massive downturn afterwards. Things got so bad that he declared an "economic war" in 2010 due to shortages of most everything. The changes he started in 1999 resulted in massive economic damage and market changes almost 10 years later.

Changes, that he made in the early 2000s, result in economic calamity years later. Market forces take that long to affect / change an economy. Nicolas Maduro continued those changes in 2013 resulting in the recent 96% devaluation of the currency and a 2018 mass exodus by Venezuela citizens.

Only time a market force can cause immediate change this year - war and other forces that intentionally subvert / destroy all markets. Productive changes affect markets typically four years and sometimes decades later.

Economic destruction created by subverting net neutrality did not appear for many years. It takes long for markets to reap or suffer from changes. Longer to prosper. Sometimes shorter to suffer. Years for these next destructive net neutrality rules to harm the market.

Destruction of net neutrality will prosper the few, big, and rich at the expense of the many and innovative. American rating of internet access will continue to decline as the market did four plus years when Michael Powell first did so much harm to net neutrality in early 2000s.
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