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    HeavenlyPossum (heavenlypossum@kolektiva.social)'s status on Sunday, 18-Jun-2023 11:13:25 JSTHeavenlyPossumHeavenlyPossum
    in reply to

    Veblen called this interference “strategic sabotage.” At the time he was writing, Veblen was thinking specifically about the way capitalists might refuse workers permission to labor, to control wages, or to deliberately under-produce, in order to keep prices high.

    We can and should think about sabotage more expansively, though. When H&M burns 12 tons of unsold clothing each year, it is sabotaging industry. When De Beers buys up diamonds and then locks them up in a vault, it is sabotaging industry. When CVS pours bleach on edible but unsold food, it is sabotaging industry.

    https://economicsfromthetopdown.com/2022/03/11/in-search-of-sabotage/

    4/8

    In conversationSunday, 18-Jun-2023 11:13:25 JST from kolektiva.socialpermalink
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