#consumerwelfarestandard — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #consumerwelfarestandard, aggregated by home.social.
-
CW: Long thread/9
The American elite has *always* hated antitrust. In the 1980s, #RonaldReagan, abetted by #RobertBork and his co-conspirators at the #ChicagoSchoolOfEconomics gutted antitrust through something called the "#ConsumerWelfareStandard," which ended anti-monopoly enforcement except in instances where price hikes could be directly and unarguably attributed to market power, which is, basically, never.
9/