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

   • Cory Doctorow

   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

   • Børge repeated this.
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     tanya tussing (tanyatussing@mastodon.social)'s status on Thursday, 06-Jun-2024 17:02:01 JST tanya tussing

     in reply to

     • Cory Doctorow

     @pluralistic "40 years later, nearly every industry is dominated by a handful of companies, and these companies price-gouge us with abandon. Worse, they use their gigantic ripoff winnings to fill war-chests that fund the corruption of democracy, capturing regulators so that they can rip us off even more, while ignoring labor, privacy and environmental law and ducking taxes."