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But any big change is more likely to result if there is a disruptive event such as new technologies or platforms that have a surprising effect on market share. ↗
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We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium. ↗
We are in a period when old questions are settled and the new are not yet brought forward. Extreme party action, if continued in such a time, would ruin the party. Moderation is its only chance. The party out of power gains by all partisan conduct of those in power. ↗
