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Cake day: June 28th, 2025

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  • Within an infinitely long timeline, yes. Transitions take time and few are willing to take the immediate financial (and thus political hit) to do so.

    One example is pharmaceutical companies, which represent a significant portion of goods produced in Europe. There is no market similar to the US where prices and consumption are both significantly high, so I would argue they would simply take a significant hit.

    Economics is rarely done in long term thought because political cycles rely on economic performance. It’s stupid, but here we are…