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1. Embed this notice
   Mike "piñata economy" Sims (peltast@mstdn.ca)'s status on Saturday, 23-Mar-2024 00:18:29 JST Mike "piñata economy" Sims

   in reply to

   • Cory Doctorow
   • Steven Sandoval

   @baltakatei @pluralistic “having monopoly power does not itself violate the anti-trust laws" -- yes it does!

   Or it used to anyway. And still does by the text of the law.

   • Embed this notice
     Steven Sandoval (baltakatei@twit.social)'s status on Saturday, 23-Mar-2024 00:18:29 JST Steven Sandoval

     in reply to

     • Cory Doctorow

     @peltast @pluralistic I agree! Show me an ethical monopoly and I will show you an example of regulatory capture. Monopolies are bad, U+002E FULL STOP.

     Doughnut Lollipop 【記録係】:blobfoxgooglymlem: likes this.
   • Embed this notice
     Steven Sandoval (baltakatei@twit.social)'s status on Saturday, 23-Mar-2024 00:18:30 JST Steven Sandoval

     • Cory Doctorow

     “having monopoly power does not itself violate the anti-trust laws … but it does when … they increase costs for consumers.” — Merrick Garland yesterday on the Apple antitrust lawsuit.

     https://www.youtube.com/watch?v=-V4MIRUoyOE&t=480s

     If I hadnʼt been primed by @pluralistic 's Chokepoint Capitalism (2022), this “consumer welfare” nonsense would have slipped past me.

     https://en.wikipedia.org/wiki/Chokepoint_Capitalism