#consumerwelfare — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #consumerwelfare, aggregated by home.social.
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“ #ConsumerWelfare, #RevealedPreferences, #regulatorycapture & #meritocracy are just some of the ways that #capitalism's alleged defenders cooked up to insist that they love the competitive discipline imposed by markets while being totally dependent on self-described #capitalists who have utterly escaped from that discipline and have committed to doing everything in their power to prevent themselves from ever coming under any form of constraint.
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Today, these [ #billionaires ] clutch their pearls at the "demonization" of the ultra-rich, calling it "billionaire derangement syndrome." But the only "billionaire derangement syndrome" that matters is the syndrome that affects billionaires and convinces them that they are above any discipline or rules.” -
“ #ConsumerWelfare, #RevealedPreferences, #regulatorycapture & #meritocracy are just some of the ways that #capitalism's alleged defenders cooked up to insist that they love the competitive discipline imposed by markets while being totally dependent on self-described #capitalists who have utterly escaped from that discipline and have committed to doing everything in their power to prevent themselves from ever coming under any form of constraint.
…
Today, these [ #billionaires ] clutch their pearls at the "demonization" of the ultra-rich, calling it "billionaire derangement syndrome." But the only "billionaire derangement syndrome" that matters is the syndrome that affects billionaires and convinces them that they are above any discipline or rules.” -
“ #ConsumerWelfare, #RevealedPreferences, #regulatorycapture & #meritocracy are just some of the ways that #capitalism's alleged defenders cooked up to insist that they love the competitive discipline imposed by markets while being totally dependent on self-described #capitalists who have utterly escaped from that discipline and have committed to doing everything in their power to prevent themselves from ever coming under any form of constraint.
…
Today, these [ #billionaires ] clutch their pearls at the "demonization" of the ultra-rich, calling it "billionaire derangement syndrome." But the only "billionaire derangement syndrome" that matters is the syndrome that affects billionaires and convinces them that they are above any discipline or rules.” -
“ #ConsumerWelfare, #RevealedPreferences, #regulatorycapture & #meritocracy are just some of the ways that #capitalism's alleged defenders cooked up to insist that they love the competitive discipline imposed by markets while being totally dependent on self-described #capitalists who have utterly escaped from that discipline and have committed to doing everything in their power to prevent themselves from ever coming under any form of constraint.
…
Today, these [ #billionaires ] clutch their pearls at the "demonization" of the ultra-rich, calling it "billionaire derangement syndrome." But the only "billionaire derangement syndrome" that matters is the syndrome that affects billionaires and convinces them that they are above any discipline or rules.” -
“ #ConsumerWelfare, #RevealedPreferences, #regulatorycapture & #meritocracy are just some of the ways that #capitalism's alleged defenders cooked up to insist that they love the competitive discipline imposed by markets while being totally dependent on self-described #capitalists who have utterly escaped from that discipline and have committed to doing everything in their power to prevent themselves from ever coming under any form of constraint.
…
Today, these [ #billionaires ] clutch their pearls at the "demonization" of the ultra-rich, calling it "billionaire derangement syndrome." But the only "billionaire derangement syndrome" that matters is the syndrome that affects billionaires and convinces them that they are above any discipline or rules.” -
CW: Long thread/8
Economism also insists that *power* has no place in predictions about how policies will play out. This is how the #ChicagoSchool economists were able to praise #monopolies as "efficient" systems for maximizing "#ConsumerWelfare" by lowering prices without "wasteful competition."
8/
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CW: Long thread/8
Economism also insists that *power* has no place in predictions about how policies will play out. This is how the #ChicagoSchool economists were able to praise #monopolies as "efficient" systems for maximizing "#ConsumerWelfare" by lowering prices without "wasteful competition."
8/