#oligopoly — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #oligopoly, aggregated by home.social.
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https://www.ft.com/content/c3b70fde-3e8a-4661-a4cb-7dc1564f43b1?syn-25a6b1a6=1
Now the horrible zombies of #WallStreet #SiliconValley #billionaires will start buying up all these #bankrupt #farmers leading to even more consolidation and profits while condemning the rest to more pain.
#agriculture #food #land #water #farming #hunger #starvation #inflation #fertilizer #oligopoly
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Multilateralism for middle powers
" Multilateralism is shorthand for the much-invoked “rules-based international order”; multipolarity is the world of competing spheres of interest, what Stubb calls “an oligopoly of power”, where the strong do what they will and the weak do what they must.
We are not simply in a transition; we are in a fight for a future world order. And the path to a healthy outcome necessarily runs through international institutions, from the UN to settings far beyond it, where we must rethink membership and power for global cooperation to survive.The world is being reshaped by the “structural” forces of demography, climate and technology,
Part of the problem, Stubb argues, is that “the US is not a modern society by European or Asian standards”. This helps to explain the growing influence of a radical form of evangelical Christianity within the Trump administration. But it also accounts for the absence of adequate healthcare, education and housing that plagues the US, in particular, and neoliberal economies like Australia’s more generally.
Without strong multilateral systems, all interstate deals become transactional. A multipolar world runs on self-interest. A multilateral world makes the common interest a self-interest. " >>
https://theconversation.com/finlands-president-alexander-stubb-has-some-ideas-to-save-the-international-order-and-ourselves-280153
#Multilateralism #MiddlePowers #Australia #TheWest #InternationalOrder #SelfInterest #oligopoly -
Enshitification the Canadian edition.
"It’s a far cry from today’s flying experience, as passengers strain to fit into ever-shrinking seats, contend with new fees for previously included features and fight for compensation following cancelled and delayed flights. The road here was paved by the deregulation of the airline industry and the dominance of Air Canada and WestJet over the Canadian market"
#capitalism #consumerrights #markets #economics #regulations #oligopoly
https://www.thestar.com/business/how-flying-in-canada-went-from-glitz-and-glamour-to-cramped-misery-and-how-we/article_2a16ade5-0e4a-4e7e-a428-9747219a3be3.html -
I've never hated #capitalism as described in my #Economics classes or by its proponents. I hate #CronyCapitalism, #monopolies & #monopsonies & their "oli-" kin ( #oligopoly for example). I want actual #FreeMarket capitalism with strong #rules, enforced equally. I want true #AdamSmith capitalism.
Why The Rich Hate Capitalism -... -
Crazy to think how much power sits with just a few players shaping how AI develops. It's getting so big and interconnected you can’t even tell where one company ends and another begins. #AI #BigTech #Oligopoly #Monopoly
There Is Only One AI Company. ... -
🏴☠️Pirate everything.🏴☠️
Support your local library 📚.
Support authors and creators directly 💸. -
Canada is just three Telecommunications companies in a trench coat.
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Translation: Hi there,
It's your good buddies at Optus here.
Your thank you gift is waiting.
No, it's not a Triple Zero emergency service that doesn't go offline when you need an ambulance.
And no, it's not fair compensation for that time we had a nationwide outage and managed to not just take out your phone and internet, but also half of the national economy.
And no, it's not yet another free subscription to that bloody soccer streaming service. We finally took the hint and shut that down.
No, this time an AI subscription service is looking to deceive its investors by pumping up its paid subscriber numbers.
So we took a bucket of money from them in exchange for spamming our customers with a text message.
You know the deal. 12 months free. You won't get charged if you remember to cancel before the deal expires and then make it through all their dark patterns.
We know we can get away with it because we're one third of one of Australia's big corporate oligopolies.
I mean, what are you going to do? Chances are the whole reason you switched to us is because you were pissed off at Telstra.
And your only other choice is TPG/Voda/iiNet/WestNet/Internode/Lebara/TransACT/Crazy John's/Neighbourhood Cable... (it's all one conglomerate with awful mobile coverage now).
#Optus #perplexityassistant #perplexityai #perplexity #ausbiz #AI #enshittification #business #oligopoly -
Translation: Hi there,
It's your good buddies at Optus here.
Your thank you gift is waiting.
No, it's not a Triple Zero emergency service that doesn't go offline when you need an ambulance.
And no, it's not fair compensation for that time we had a nationwide outage and managed to not just take out your phone and internet, but also half of the national economy.
And no, it's not yet another free subscription to that bloody soccer streaming service. We finally took the hint and shut that down.
No, this time an AI subscription service is looking to deceive its investors by pumping up its paid subscriber numbers.
So we took a bucket of money from them in exchange for spamming our customers with a text message.
You know the deal. 12 months free. You won't get charged if you remember to cancel before the deal expires and then make it through all their dark patterns.
We know we can get away with it because we're one third of one of Australia's big corporate oligopolies.
I mean, what are you going to do? Chances are the whole reason you switched to us is because you were pissed off at Telstra.
And your only other choice is TPG/Voda/iiNet/WestNet/Internode/Lebara/TransACT/Crazy John's/Neighbourhood Cable... (it's all one conglomerate with awful mobile coverage now).
#Optus #perplexityassistant #perplexityai #perplexity #ausbiz #AI #enshittification #business #oligopoly -
Translation: Hi there,
It's your good buddies at Optus here.
Your thank you gift is waiting.
No, it's not a Triple Zero emergency service that doesn't go offline when you need an ambulance.
And no, it's not fair compensation for that time we had a nationwide outage and managed to not just take out your phone and internet, but also half of the national economy.
And no, it's not yet another free subscription to that bloody soccer streaming service. We finally took the hint and shut that down.
No, this time an AI subscription service is looking to deceive its investors by pumping up its paid subscriber numbers.
So we took a bucket of money from them in exchange for spamming our customers with a text message.
You know the deal. 12 months free. You won't get charged if you remember to cancel before the deal expires and then make it through all their dark patterns.
We know we can get away with it because we're one third of one of Australia's big corporate oligopolies.
I mean, what are you going to do? Chances are the whole reason you switched to us is because you were pissed off at Telstra.
And your only other choice is TPG/Voda/iiNet/WestNet/Internode/Lebara/TransACT/Crazy John's/Neighbourhood Cable... (it's all one conglomerate with awful mobile coverage now).
#Optus #perplexityassistant #perplexityai #perplexity #ausbiz #AI #enshittification #business #oligopoly -
Translation: Hi there,
It's your good buddies at Optus here.
Your thank you gift is waiting.
No, it's not a Triple Zero emergency service that doesn't go offline when you need an ambulance.
And no, it's not fair compensation for that time we had a nationwide outage and managed to not just take out your phone and internet, but also half of the national economy.
And no, it's not yet another free subscription to that bloody soccer streaming service. We finally took the hint and shut that down.
No, this time an AI subscription service is looking to deceive its investors by pumping up its paid subscriber numbers.
So we took a bucket of money from them in exchange for spamming our customers with a text message.
You know the deal. 12 months free. You won't get charged if you remember to cancel before the deal expires and then make it through all their dark patterns.
We know we can get away with it because we're one third of one of Australia's big corporate oligopolies.
I mean, what are you going to do? Chances are the whole reason you switched to us is because you were pissed off at Telstra.
And your only other choice is TPG/Voda/iiNet/WestNet/Internode/Lebara/TransACT/Crazy John's/Neighbourhood Cable... (it's all one conglomerate with awful mobile coverage now).
#Optus #perplexityassistant #perplexityai #perplexity #ausbiz #AI #enshittification #business #oligopoly -
Translation: Hi there,
It's your good buddies at Optus here.
Your thank you gift is waiting.
No, it's not a Triple Zero emergency service that doesn't go offline when you need an ambulance.
And no, it's not fair compensation for that time we had a nationwide outage and managed to not just take out your phone and internet, but also half of the national economy.
And no, it's not yet another free subscription to that bloody soccer streaming service. We finally took the hint and shut that down.
No, this time an AI subscription service is looking to deceive its investors by pumping up its paid subscriber numbers.
So we took a bucket of money from them in exchange for spamming our customers with a text message.
You know the deal. 12 months free. You won't get charged if you remember to cancel before the deal expires and then make it through all their dark patterns.
We know we can get away with it because we're one third of one of Australia's big corporate oligopolies.
I mean, what are you going to do? Chances are the whole reason you switched to us is because you were pissed off at Telstra.
And your only other choice is TPG/Voda/iiNet/WestNet/Internode/Lebara/TransACT/Crazy John's/Neighbourhood Cable... (it's all one conglomerate with awful mobile coverage now).
#Optus #perplexityassistant #perplexityai #perplexity #ausbiz #AI #enshittification #business #oligopoly -
CW: USpol
"It's totally fine to make us an even bigger player in an #oligopoly" says the behemoth owner of already-too-many television stations while censoring a late-night talk show host at the behest of the federal government for the sin of criticizing the President.
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»AI Will Not Make You Rich« #GenerativeAI is unlikely to create new #wealth for #inventors and #investors, as its value will be captured by #customers rather than its #builders. Unlike the microprocessor, which spurred a wave of #innovation and #wealthcreation, AI is expected to lead to an #oligopoly, with gains accruing to a few companies. https://joincolossus.com/article/ai-will-not-make-you-rich/?eicker.news #tech #media #news
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No, you cannot unsubscribe from #telus #spam, because #capitalism and #oligopoly, which are notoriously elements of fascism, because you know...history.
(Maybe I needed to use all caps?)
#cdnpoli #canada #mexico #fascism #antifa #elbowsup #bcpoli #vancouver #burnaby #canlab
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Lúcida y fundamentada lectura anticapitalista de domingo:
"En términos más sencillos, el 35% del mercado bursátil estadounidense está sostenido por seis empresas que compran adaptadores gráficos GPU. Si la historia de crecimiento de NVIDIA tropieza, repercutirá en los otros siete, haciéndoles depender de sus propias historias de comercio de IA.
Y, como paso a explicar, no existe el comercio de IA, porque la IA generativa no está haciendo ganar dinero a nadie."
Enlace traducido: https://www-wheresyoured-at.translate.goog/the-haters-gui/?_x_tr_sl=auto&_x_tr_tl=es&_x_tr_hl=es-419&_x_tr_pto=wapp
#aihype #generativeAI #corrupcion
#llmjoke #ai2025 #LLM #oligopoly
#eeuu #bolsadenuevayork #ai #noAI -
Tech Billionaires Accused of Quietly Working to Implement "Corporate Dictatorship"
https://futurism.com/billionaires-corporate-dictatorship
"Instead of democracy, we will have basically tech feudalism — fiefdoms run by tech corporations. They're pretty explicit about this point.“
A consortium of the world's most powerful moguls are plotting to rule the world by oligopoly, according to tech industry analyst Gil Duran.#TechnoFeudalism #Oligopoly #Plan #Billionaires #Tyranny #CorporateSlavery #USA #World
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@dyckron Canada has rules that benefit huge corporate entities over smaller firms? Say it isn’t so.
#canpoli #cdnpoli #oligopoly -
The #PressDemocrat, a prominent newspaper in #SantRosa and #SonomaCounty, has been sold to #MediaNewsGroup, a subsidiary of #AldenGlobalCapital. The sale raises concerns among local #journalists and SF #BayArea residents due to Alden’s reputation for cost-cutting measures, including staff reductions and "shared" resources, which could impact the quality and depth of local news coverage. The sale was a surprise to the newsroom staff, who are now uncertain about their future under new ownership.
Nearly 20 years ago, a federal judge extended an order barring #Hearst Corp. and MediaNews Group Inc. from collaborating on local distribution and national advertising sales. It was part of an antitrust lawsuit alleging monopolistic practices in MediaNews’ acquisitions of Bay Area #newspapers. Then, as now, we should remain concerned about both companies, and the potential effect of #monopoly, or #oligopoly.
https://www.kqed.org/news/12039596/press-democrat-alden-sale-thebay
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@Dianora So, a few thoughts on What Might be Done to correct economic thinking ....
Long and multi-part.
First part here delves more into the general failings / holes in contemporary mainstream orthodox economics.
On pricing behaviours of goods and services under typical market conditions, it's possible to read Adam Smith's chapters on prices (mostly Book I, Ch. V--XI, and Book V, Ch. II) as discussing the prices (or tax revenues) of commodities, labour, capital stock (industrial investments), rents, interest, and assets (silver & gold to Smith). These ... behave differently, and not strictly in the supply/demand model dominant in conventional orthodox economics. As noted above, even Matt Ridley, bless his heart, agrees that market valuation of assets ... behaves poorly.
Much oligarchic wealth occurs not through trade but through asset inflation. That is, it's less that someone achieves obscene wealth by selling goods/services than that the commercial-legal entity which manifests that trade itself appreciates in nominal value. Billionaires don't sit atop heaps of cash but of assets which can be denominated in cash equivalents. (Often with many levels of leverage and indirection both.) Matt Ridley, not someone with whom I generally find agreement, has noted that markets work relatively well for commerce exchange but poorly for assets (from a book, I'd run across this in an IQ2 debate w/ David Runciman and Johan Norberg: https://www.intelligencesquared.com/events/the-new-optimism-with-matt-ridley-johan-norberg-david-runciman-and-laura-kuenssberg/.)
Wages and rents are two other key dynamics in that wages tend to fall to or below subsistence whilst rents tend to rise to claim all surplus beneficial value. The more one is subsidised (e.g., wage supports, rent subsidies) the worse the dynamic becomes, and this is a money-pump from workers to landlords. Tackling this requires both wage and rent-side reforms, e.g., UBI / living wage, and a wealth or land-value tax. Addressing workers' and tenants' rights is another key element, though more of politics/law than economics itself.
(Law and economics are tightly coupled in interesting ways. Hayek's training, f'rex, was in law.)
Business merger & acquisition is a huge hole in the "vote with your wallet" (a/k/a "free-market it harder") retort. That works if businesses are small, limited, and cannot buy out or otherwise crush competition, but fails utterly if in avoiding firm X by patronising firm Y, one finds X buying Y (often strictly because of customer flight, see e.g., Facebook -> Whatsapp or Amazon -> Diapers.com). Buy-and-kill is another failure mode. Both of these require remedies outside the markets, e.g., political, legal, social, or other actions.
Equivocation of wealth and profit, where wealth ("the annual produce and labour of the nation" https://en.wikisource.org/wiki/The_Wealth_of_Nations/Book_II/Chapter_3, which as many have noted means that wealth is a flow rather than a stock), and profit in the accounting sense (direct monetary revenues less direct monetary costs) is one of the more gaping holes in conventional economic argument. I've done some root-searching on that and find that much of the source seems to be in the cost accounting of Alexander Hamilton Church (and yes, related to that A.H.), which serves as the basis for modern accounting practice. Leo Tolstoy's What Shall We Do (a title invoked by Lenin's later book) has some interesting discussions on this.
"Wealth, as Mr Hobbes says, is power" is Smith's pithiest observation in all of WoN: The fact that economic and/or financial wealth translates to political and social power has profound impacts, and alone explains a huge part of the failings of US right-libertarian theology following from Hayek, von Mises, Rotthbard, and Nozick.
"Resistances to the Adoption of Technological Innovations" (Bernard Stern, 1937) discusses one dimension of this in the resistances of established powers (economic/commercial and others) to technological innovations: https://archive.org/details/technologicaltre1937unitrich/page/39 https://rentry.co/szi3g. I cannot recommend it highly enough.
Value's equivocation as "market price" in contemporary discussion is another failing. I see "value" actually being three distinct elements, any of which may fail to reflect underlying reality: real cost (all necessary inputs, labour, capital, time, natural resources, effluent sinks, unwanted/unintended consequences), exchange value (price), and use value. In practice, C <= P <= UV, that is, the exchange value lies somewhere between cost and use value, though in extreme circumstances that can be violated. In particular, extractive resources tend to have P < C, that is, the price is below the total cost, especially the time-based replenishment cost, of the resource; labour wages tend to fall to subsistence, rents tend to rise to subsume all use value, asset prices ... are strange (I've not sorted my thinking on this), interest rates seem to be a mix of market and central bank effects, and public goods (in the economic definition) are those for which market prices fall well below marginal cost and use-value, and are underprovisioned absent specific subsidy, with lighthouses, education, roads, infrastructure, information, and communications being classic exemplars.
Incidentally, the whole notion of a market exchange economy fundamentally relies on the underpricing of essnetial inputs (food, energy, raw materials, labour) with excess value being extracted at further levels of economic activity (manufacture, commerce, transport, finance, management, etc.) This is the revelation of Quesnay's Tableau Économique and further explorations of tiers of economic activity (Clark & Kennessey particularly). Typical categorisation:
- Primary Activities: Agriculture, forestry and fishing; Mining
- Secondary Activities: Construction; Manufacturing
- Tertiary Activities: Transportation, electric, gas and sanitary services; Wholesale trade; Retail trade
- Quatenary Activities: Finance, insurance, and real estate; Services; Public administration
More: https://news.ycombinator.com/item?id=37414034 and https://web.archive.org/web/20230612141005/https://old.reddit.com/r/dredmorbius/comments/74dm5o/seeking_research_on_inclusive_measures_of/.
Essentially, markets fail in establishing pricing in many ways, though how these might be addressed is challenging.
I'll note that I differ with Marx in attributing all value generation to labour, though that's often a significant component.
Risk is a whole 'nother case, and I'll point out that the "FIRE" sector of finance, insurance, and real estate all have a central focus on evaluating pricing risk of a portfolio against income streams (interest payments, premium payments, mortgage payments), with a linkage that's been noted to at least the 19th century if not before. Banks and insurance are the exceptions to Smith's general strong disdain for stock corporations, though an argument can be made for socialisation of these. Many government functions fall into provision of both public goods and security services (defence, health, major catastrophe), in which markets flagrantly fail. Robert K. Merton (overt/covert functions, unintended consequences) and Charles Perrow's work illuminates much here.
Understanding of GNP/GDP is greatly assisted if it's thought of not as a way to manage and measure total economic wealth (Smithian definition), but as a monetary metric born of an age when central banking was just finding its feet. Tuning the overall money supply appropriately is necessary, but not sufficient, and was a huge obstacle to resolving the Great Depression (1929--1939).
It's not the only problem which can occur, for which a classic 1945 paper on the economy of a WWII PoW camp remains an excellent if simplified exploration: https://www.jstor.org/stable/2550133. Kate Raworth's Donut Economics and numerous GDP modifications and alternatives (see: https://en.wikipedia.org/wiki/Gross_domestic_product#Proposals_to_overcome_GDP_limitations) improve on this. Simon Kuznets, GNP's creator, was well aware of its limitations, though his cautions are not only largely ignored, but difficult to find online at all (he has extensive writings, they ... are not digitised last I invested significant time in searching for them).
Thermodynamics and economics is another tremendous failing. The work of Nicholas Georgescu-Roegen, R.U. Ayres, and more recently Steve Keene (working with Ayres) in describing how the production function is explained not merely by labour + capital, but labour, capital, and energy is so flagrantly obvious that rejection by the orthodoxy is both a manifestation of mental illness and a crime against humanity and the entire ecosphere. It ties strongly into the "wealth is power" dynamic above, as well as the distortionary effects of wealth on information, media, ideology, and scientific understanding. That last is a major component of Naomi Oreskes's work (Merchants of Doubt, The Big Myth). For the role of energy in civilisation, Vaclav Smil's Energy and Civilization and Energy and World History, and Manfred Weissenbacher's Sources of Power are huge eye-openers. So, somewhat ironically, is Daniel Yergin's The Prize. He's an unabashed apologist for the petroleum industry, but his history does reveal its awesome transformational influence.
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#economics #orthodoxEconomics #critique #monopoly #oligopoly #wealth #profit #value #prices #wages #WagePrice #rents #AssetValuation #AdamSmith #prices #risk #FireSector #finance #insurance #RealEstate #tootstorm
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Elon Musk Says DOGE Is Coming for Social Security, Medicare, Medicaid and More
[It should be masses of working people who block DOGE from setting foot in SSA and other agencies born out of historic struggles, even if they are flawed]
#musk #maga #fascism #corporativism #oligopoly #socialsecurity #medicare #medicaid #doge #takedownmusk
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ICYMI:
Well, the change in tack at the Competition & Markets Authority hasn't taken long....
The CMA found in November that American Express Global Business Travel’s planned purchase of rival CWT was likely to lessen competition substantially....
But, under pressure from the Govt. it has reversed that provisional judgment and now says the purchase will not result in a “substantial lessening of competition”.
Labour; friends of the oligopolists
h/t FT
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Well, the change in tack at the Competition & Markets Authority hasn't taken long....
The CMA found in November that American Express Global Business Travel’s planned purchase of rival CWT was likely to lessen competition substantially....
But, under pressure from the Govt. it has reversed that provisional judgment and now says the purchase will not result in a “substantial lessening of competition”.
Labour; friends of the oligopolists
h/t FT
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One of the major UK oligopolies is the concentration of auditing in the 'Big Four';
After the semi-neutering of the Competition & Marketing Authority it will come as no surprise to your that ministers are 'exploring' weakening proposed legal requirements for the Big Four to share their work with smaller auditors....
yes, its become clear that Labour think oligopolies spur growth.
But, of course if that was true the UK would not actually have a growth 'problem'
#oligopoly #economics
h/t FT -
@yianiris pure #libertarianism results in #privatising #power via #oligopoly.
As a #European you should read up on the #barons and the #aristocracy. Note, that whereas some aristocrats were appointed by royalty, others were made noble because they were so "successful" - i.e they were barons sanctioned by the crown.
The barons who hated the crown? Those were the #liberalists. In essence, people like to forget that part of European history because it doesn't suit their ideology or agenda.
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The record industry is (yet another) oligopoly, but in this case the people who are being harmed are not so much consumers as the musicians.... yes, music expenditure is on the rise, but little of that gets to the artists themselves, unless they are one of the lucky mega-bands touring the world.
As in so many other sectors, progressive consolidation has centralised power & money in a small number of corporations who exploit both suppliers & consumers!
#music #oligopoly
https://www.theguardian.com/music/2025/jan/08/the-uk-music-industry-is-reporting-record-revenues-the-reality-is-much-gloomier -
Everything enshitified.
"The airline told customers on social media that it was experiencing “a technical issue.” In comments to frustrated travelers, it said it was working to rectify the situation."
#technology #airlines #capitalism #travel #oligopoly
https://www.nytimes.com/2024/12/24/business/american-air-flights-grounded.html -
#Palantir, #Anduril 2 of largest US #defense #technology companies in talks w competitors 2 form consortium jointly bid for US govt work in effort 2 disrupt #replace US #oligopoly of “prime” contractors. Includes #Musk #SpaceX #ChatGPT #OpenAI autonomous #shipbuilder #Saronic #ScaleAI “We are working together to provide a new generation of defense #contractors,” said one person involved in developing the group. #legalresearch #trump #economy #financialsystem #billionaires https://www.ft.com/content/6cfdfe2b-6872-4963-bde8-dc6c43be5093
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Update. More data on the #WOS bias toward the #oligopoly of large publishers, and the absence of that bias in more inclusive indices like #OpenAlex (@OpenAlex) and #Dimensions.
https://arxiv.org/abs/2406.17893 -
CW: Long thread/2
Seismic because the judge's opinion is full of rhetoric associated with the surging #antitrust revival, sneeringly dismissed by corporate apologists as "#HipsterAntitrust." Young called America's airlines and "#oligopoly," a situation he blamed on out-of-control mergers. As @matthewstoller writes, this is the first airline merger to be blocked by the DOJ and DOT since deregulation in 1978:
https://www.thebignewsletter.com/p/antitrust-enforcers-block-the-jetblue
2/
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CW: Long thread/2
Seismic because the judge's opinion is full of rhetoric associated with the surging #antitrust revival, sneeringly dismissed by corporate apologists as "#HipsterAntitrust." Young called America's airlines and "#oligopoly," a situation he blamed on out-of-control mergers. As @matthewstoller writes, this is the first airline merger to be blocked by the DOJ and DOT since deregulation in 1978:
https://www.thebignewsletter.com/p/antitrust-enforcers-block-the-jetblue
2/
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CW: Long thread/2
Seismic because the judge's opinion is full of rhetoric associated with the surging #antitrust revival, sneeringly dismissed by corporate apologists as "#HipsterAntitrust." Young called America's airlines and "#oligopoly," a situation he blamed on out-of-control mergers. As @matthewstoller writes, this is the first airline merger to be blocked by the DOJ and DOT since deregulation in 1978:
https://www.thebignewsletter.com/p/antitrust-enforcers-block-the-jetblue
2/
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CW: Long thread/2
Seismic because the judge's opinion is full of rhetoric associated with the surging #antitrust revival, sneeringly dismissed by corporate apologists as "#HipsterAntitrust." Young called America's airlines and "#oligopoly," a situation he blamed on out-of-control mergers. As @matthewstoller writes, this is the first airline merger to be blocked by the DOJ and DOT since deregulation in 1978:
https://www.thebignewsletter.com/p/antitrust-enforcers-block-the-jetblue
2/
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CW: Long thread/2
Seismic because the judge's opinion is full of rhetoric associated with the surging #antitrust revival, sneeringly dismissed by corporate apologists as "#HipsterAntitrust." Young called America's airlines and "#oligopoly," a situation he blamed on out-of-control mergers. As @matthewstoller writes, this is the first airline merger to be blocked by the DOJ and DOT since deregulation in 1978:
https://www.thebignewsletter.com/p/antitrust-enforcers-block-the-jetblue
2/
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@maleve @smithke Sounds very, very plausible. #Capitalism always works to make it an #oligopoly.
Maximize #ShareHolderValue aka #GoldenCalf is the answer to life? Who needs an itinerant preacher? -
@rbreich Let's do this again. Gotta use hashtags or your message doesn't get out as effectively. #MastodonTips
#Corporate #Concentration #CorporateConcentration #Oligopoly #Trustbusting #GovernmentNegligence #WallStreet #Airlines #DrugCompanies #MeatProcessing
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@andykm #competitionlaw has been neglected for a generation and we see how that has lead towards #oligopoly. We know that what some are calling #greedflation depends on lack of price competition in consumer goods markets. #ised has said it will not support Shaw transferring its wireless licenses to Shaw as part of a proposed merger which is something. More needs to be done.
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Re are not fans of everything #China are doing by a long shot, but the #PeoplesParty seem to identify the issues of #monopoly and enforce rules with impactful fines, and block moves that would entrench the #monopoly.
It should be noted that China's experimentation with a #CentralBankDigitalCurrency (#CBDC) may threaten this trajectory, but we digress.
What can we do to end the #Cloudflare/#Amazon monopoly of #theInternet.
Is awareness needed? Would targetted flyers work?
