Yet again reminded of the AWS overlords as I accidentally deploy #python 3.10 code which AWS can't be bothered to provide support for despite being released since Oct 21... They are on my list again this week... 😤

#monopoliesandcartels

http://journal.eu-jr.eu/sciencerise/article/view/2995/2260

#DegradingCarbonSinks through #centralized #monopoliesandcartels by #apartheid based #SouthAfrican #Corruption (reads like #MississippiGoddam): Corruption accounts for the channeling of #scarce #public funds to uneconomic and highly #capitalintensive projects, such as #pipelines and #refineries, #dams, and #powerplants, at the expense of more necessary #infrastructure projects, such as #water and #electricity supply, #hospitals, #schools, and roads, in addition to treasury looting, #bribery, contract inflation, and brazen mismanagement.

#subsidiarity #RenewablesAreDeflationary #DERReducesConflict #waterislife

View of Corruption in apartheid South Africa under John Vorster: a case study

@kevinrns Let’s fix it! We need to both demand higher wages AND make sure excessive inflation is discouraged by using #antiTrust laws to break up #MonopoliesAndCartels (so that there is price competition - I strongly believe this is a more ethical solution for inflation compared to excessive #InterestRateHikes ). #Unions #SupportUnions #RaiseTheWage #FightFor15 #FightFor18 #FightFor20 #RaiseTheMinimumWage #USPolitics #BreakUpMonopoliesAndCartels #FightInflation #inequality #economics
I finally got to this @changelog episode in my podcast backlog with @pluralistic talking about his and #RebeccaGiblin book "Chokepoint Capitalism". As cynical my opinions are on the current state of our capitalist system before listening to it it's now even lower. I've had the book in my "to read" list for some time because I have wanted to read it but I make even less progress with that backlog than my podcast one. A worthy listening but it will get your blood pressure up. #capitalism #VultureCapitalism #LateStageCapitalism #MonopoliesAndCartels #BillionairesShouldNotExist #BigTechShouldNotExist changelog.com/podcast/535
Examining capitalism's chokepoints with Cory Doctorow (Changelog Interviews #535)

This week we’re talking with Cory Doctorow (this episode contains explicit language) about his newest book Chokepoint Capitalism, which he co-autored with Rebecca Giblin. Chokepoint Capitalism is about how big tech and big content have captured creative labor markets and the ways we can win them back. We talk about cho...

Changelog
@thevoicesgames Too many industries have consolidated into just a handful of #megaCorporations . When this is the case it is easy for them to coordinate higher prices and higher profits. If we would use #antiTrustLaws to breakup #monopoliesAndCartels there would be more price competition because the more modest sized companies would be more likely to compete for a larger share of the market. This would #reduceInflation . #inflation #economy #antiTrust
@haikubot #Biden should fire #JeromePowell so that a progressive can be #ChairOfTheFederalReserve . Excessive #RateHikes risk putting people out of work. We should be breaking up #MonopoliesAndCartels to #reduceInflation . #FederalReserve #Inflation #Powell #Monopolies #EconomicJustice

@OGjester

I agree.

In addition, I also think that #MonopoliesAndCartels need to be broken up to increase #PriceCompetition to #fightInflation. Otherwise mega corporations will use rising wages an an excuse to raise prices (even though they could easily swallow the extra cost of fair wages). We have to demand a higher standard of living and understand what could be done to raise it.

That the minimum wage isn’t significantly higher is purely about #greed .

@anttipeltola Which country? #NeoConservatives aren’t any better. People fight for higher wages but then the #megaCorporations crank up #inflation . What we need is to break up #MonopoliesAndCartels so that there is #PriceCompetition in order to #fightInflation
@cbcworld I don’t live in #Canada but we have similar #inflationary concerns here in the US. Economists have pointed out that the primary mechanism that raising interest rates could reduce inflation is that it could impact the labor market to the point of people losing jobs and having to accept less pay. This is not moral and doesn’t help regular people. Do central banks only care about #theUltraWealthy ? We should break up #monopoliesAndCartels so that there is #priceCompetition

@MarvinFreeman “Rank calls for a significant increase in the federal minimum wage and the earned income tax credit. He also calls for grass-roots advocacy and labor unions to reduce inequality.”

Plus we need policies that support #FullEmployment , stronger #EEOC and #ADA laws, and the willingness to use #AntiTrustLaws to breakup #MonopoliesAndCartels to properly #fightInflation .

#poverty #inequality #SevereInequality #SocioeconomicStratification #EliminatePoverty