2026-09-07 05:32 UTC
Half a century ago, a group of lavishly financed economists from the University of Chicago (the "neoliberals") convinced governments all over the world to completely upend the way they treated monopolies. Up until then, the purpose of competition enforcement was to reduce corporate power, with the understanding that once a corporation became more powerful than the government, it would be impossible to force it to follow *any* rules:
https://pluralistic.net/2022/02/20/we-should-not-endure-a-king/
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Replies (1)
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@pluralistic@mamot.fr 2026-09-07 05:32
But for the "Chicago Boys," monopolies were evidence of *efficiency*. When you encounter a company in the wild that has acquired a commanding market share, your first assumption should be that it has taken over its sector by being better than anyone else - you should not assume that the company cheated its way to glory. 3/