Rupert Murdoch sent out four tweets Sunday, and two of which made perfect sense.
The so-called billionaire tyrant has been lambasted and criticized by everyone everywhere, primarily because of Fox News. Whether or not it is justified can be debated. But there is no doubt of some of the comments he made Sunday on Twitter were very accurate.
Here are the two tweets, which generated quite a bit of negative feedback from the Twitterati:
Anemic world growth everywhere in spite of near free cash in big economies. Why? Ever growing regulations choking employers.
— Rupert Murdoch (@rupertmurdoch) May 31, 2015
“Anemic world growth everywhere in spite of near free cash in big economies. Why? Ever growing regulations choking employers.”
Vast sums printed inflate all asset values but leave wages, productivity low with record youth unemployment. Critical problem in U.S., EU.
— Rupert Murdoch (@rupertmurdoch) May 31, 2015
“Vast sums printed inflate all asset values but leave wages, productivity low with record youth unemployment. Critical problem in U.S., EU.”
However, this one tweet was unclear because regulations shouldn’t protect competition or startups, unless it’s in the form of zero taxes and substantial reductions in red tape.
Regulations should protect competition, create conditions for start-ups and modernizing disrupters everywhere.
— Rupert Murdoch (@rupertmurdoch) May 31, 2015
“Regulations should protect competition, create conditions for start-ups and modernizing disrupters everywhere.”
As always is the case, regulations are established to help the well-connected, inefficient brands and ineffective companies to take out the more efficient and more competent businesses that focus more on creating a better product than influencing politicians. When public officials outline a long list of regulations, it’s always to benefit the consumer, but it’s usually never the case. The main purposes of regulations are: to aid big business and to benefit bureaucrats.
The best regulation is to get out of the way and allow the market to compete with one another.
Anyway, at least Murdoch gets it when it comes to the vast money-printing initiatives put in place by central banks around the world.
Photo by: Guérin Nicolas
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