[JumpCrisscross]

> can’t optimize both for extreme shareholder returns and extreme wealth at the top and also pay first world good wages/living standards and have lower prices

Ignoring new entrants, sure. In a competitive market, shareholder returns entice new entrants. Flatten those and you lose that edge.

For many markets, the competition caveat is missing: this is something we can improve with policy. But pushing down profits for labor's sake is a false economy; it leaves the industry less resilient in a global context. Put another way, a solid repeatable business plan is finding a market leader suppressing shareholder returns and exploiting what they're missing from a separate jurisdiction.