Jonathan and Jeff continue looking at some of the ground-level issues that relate to the experience of capitalism: this week they look at "barriers to entry". Barriers to entry is a term that economists use to talk about obstacles that new firms can encounter when they attempt to enter the market. The conversation careens between discussions of patents to economies of scale to the benefits of competition to the Housing First initiative to Medicine Hat and Rudyard Kipling to copyright to beer brewing laws to a great Parks and Rec episode -- not necessarily in that order -- and eventually they even explore the questions of what constitutes "bad" barriers to entry and what might "good" ones include?
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Show Notes:
Parks and Recreation, "Bailout" (2013): https://www.imdb.com/title/tt2649404/
Music:
Theme Music: "What u Thinkin? (Instrumental)" by Wataboi on Pixabay
Intermission Music: "Uncut Gems" by Mezhdunami on Pixabay on Pixabay