cover of biography about Adam Smith

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   tanya tussing (tanyatussing@mastodon.social)'s status on Thursday, 06-Jun-2024 17:01:28 JST tanya tussing

   Another excellent blog post, @pluralistic .

   "Despite being a raving commie loon, Smith's observation was so undeniably true that regulators, policymakers, and economists couldn't help but acknowledge that it was true. The trustbusting era was defined by this idea: if we let the number of companies in a sector get too small, or if we let one or a few companies get too big, they'll eventually start to rig prices."

   -- Cory Doctorow

   From: https://pluralistic.net/2024/06/05/your-price-named/#privacy-first-again

   #PoliEcon #Economics #AntiTrust