• 115 Posts
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Joined 1 year ago
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Cake day: July 6th, 2023

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  • So we’re using Bush era torture to justify inaction against fascism? Idk man seems a little weird.

    I get voting isn’t enough and half the problem is people often limiting their involvement in society to a ballot once every four years, but I’d really like to prevent The Palestinian Chair from being used on anyone deemed an enemy of the state by a man who is talking about deporting 11 million people.




  • Vertical integation and scale are not inherently monopolistic. Some monopolies formed because they exploited these advantages, but there are competative industries today where several vertically integrated companies compete.

    Monopolies in econ 101 are not called inefficient because they extract profit. They’re inefficient because they don’t respond to market forces. Since they control all supply, they can disregard demand.


  • Midnight@slrpnk.nettoSocialism@lemmy.mlFree Markets
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    3 months ago

    I mean if central planning can be redefined to mean decentralized capitalist markets, I’ve got a book gor you to read too.

    My dude, did you even read the Peter Theil article you linked? His entire speil is in no way congruent with your point. He’s basically just saying the rent seeking from a gaining a monopoly can make high risk investments worth it. His argument is still grounded in market logic. He leaves out the people who started high risk companies they thought would be monopolies but turned out to be undesireable.

    And I don’t even agree with his point, neither Google nor Amazon needed massive capital to hit the market, they needed massive amounts of capital to operate at a loss to squash their early competition to create a monopoly; something that can only be done by the horrible market distortions of a governmnet or rampant late-stage capitalist billionaires with equivalent piles of money.

    Edit: I would also point out Theil is a believer in autocracy, known widely for literally owning a company whose product is disinformation, and is shilling to prevent the breakup of his monopolies. I wouldn’t trust him under any circumstances.