In case you’re still not clear what “neoliberalism” is

Best way to see monopoly is through Coca cola. They buy every start up, shut it down or swallow it under their umbrella

He's dead wrong thought, capitalism leads to monopolies wether you have anti trust laws or not. Maybe it got worse under neoliberalism but that is not the issue, it goes way deeper

The consequences of not enforcing anti monopoly law is monopoly proliferation. Free market is without government/state regulations is only free for the cartel to consolidate and contain other co even if there was a competition at the beginning.

Awuuuu! And what we call politicians is just an extension of these cartels 🤔. Just an aside, do they still teach economics at universities?

Lmao

Man its worse nowadays, this term 'free market' it has worthless meaning.

Doctorow is an idiot. The actual claim is that a *contestable* monopoly is likely to be efficient because if it weren't then it would be contested.

"...and again it's not a mystery where this came from. And the only way that you can make it a mystery ,is if you have the specific kind of brain injury that you can only get by doing an economics degree...."😂🤣

Just because a few bad apple economists are stupid enough to consider anti-trust laws bad, does not mean that all economists are bad. Education IS important, without it, you end up with fools who have no clue what critical thinking is, or why it is important.

credit to @doctorow

Capitalism’s one great selling point is what? Competition! Right? So why do a few companies control everything? And how does that equal competition?

could pull 20+ clips from this great chat; Cory is on fire. Loved the bit on American tariffs, which were a threat to not jailbreak stuff; now the whole world definitely should just jailbreak American devices and software - after all they stole everyone's IP for their AIs.

Lol the ending

That is not what the Chicago school said about monopolies....in fact, they said something approaching the opposite....that they would end because of competition from more efficient competitors around the world. Misconstruing what people say doesn't help.

@ST36037719 Ça aurait pu être pire, on aurait pu avoir Apple qui détient 90% des parts de marché à la place de Google 🤣

This guy calling Regan neoliberal is about par for the course for MAGA.

Comprador Monopoly Capitalists hold sway over @MYANC and @UnionBuildings

neoliberalism = capitalism, so why not just say "capitalism"? Or maybe you believe there is good capitalism and bad capitalism (neoliberalism). It's a term used by liberals . Liberals are capitalists pretending to be nice, "left wing" or even socialists. Novara Media = liberals.

"The internet is five giant websites filled with screenshots of text from the other four." This guy is seeing – or perhaps hallucinating – a part of the Internet that I've never visited. And his description of recent competition law evolution is ... cartoonish.

Brilliantly summarised!!!✅✅

@jeffrey_bowers Some great one-liners in there...!!!

This is some incredibly vacuous drivel

The problem with these guys is that they know how to talk. They never build anything, they don't improve anybody's life, they just talk.

False. Chicago School economists did NOT argue that monopolies are efficient and therefore antitrust laws should be abolished. Milton Friedman supported antitrust laws in principle but thought they were often misused to protect competitors rather than competition. So did Stigler.

"Competition" is also not the way forward. Have you forgotten the whole point of socialism? Seizing the means of production! Let the monopoly arise, when it becomes unprofitable to the extent it causes printer ink to be insanely expensive, seize it, make it publicly owned. Easy.

This is One simple way to explain away most arguments against the enforcement of Anti-trust laws in a language simple enough for Joe Sixpack to understand

@JCNiklas 👍

the subsidy for kickbacks grift... the "monopolies are the market hammering out systemic inefficiencies"... the tariff making one producer viable and another bankrupt... lets just call it what it actually is....CORRUPTION

This breezily confident summary is the result of someone who has read some Marxists talk about “neoliberals” of the Chicago School without reading Stigler, Posner, Bork, et al., or looked at the evidence provided by Armentano, for example. It’s uninformed leftist gibberish.

XD somewhat close.

He is right in his main thought, but his desperate comedian need of making a punchline out of all of his arguments naturally makes him fall into minor incorrections. Economics as an academic field for study in the US and other western powers is trash; but it's not the case abroad