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Ranchers.net

The deadweight loss of Pickett should matter to all of us.

Deadweight loss is that loss of economic activity that a certain action creates.
Mexico vs. United States is a perfect example of societies with different deadweight losses due to market power. As deadweight loss increases due to market power our society becomes less prosperous. There is a larger divergence between the rich and the poor and the economy becomes weaker with less opportunities for those seeking employment. People become slaves to those who are wielding the market power. Look at the difference between the United States and Mexico. If the deadweight losses of the abuse of market power continue we will truely experience the Mexicanization of the United State's economy.
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