40 years ago, these moral sentiments were conveniently set aside by pro-monopoly economists, who developed the "consumer welfare" theory of antitrust enforcement. Under this theory, monopolies were treated as evidence of "efficiency": any time you saw a monopoly in the wild, it meant that you'd found a business that was so good, everyone chose to patronize them to the exclusion of all others.
3/
Cory Doctorow /
npub1yxz…5qvv
2024-05-24 22:58:18
in reply to nevent1q…53mr
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npub1yxzkmtuyctjw2pffp6e9uvyrkp29hrqra2tm3xp3z9707z06muxsg75qvvPublished at
2024-05-24 22:58:18Event JSON
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