They said it couldn't happen. After decades of #antitrust enforcement against #PredatoryPricing - selling goods below cost to kill existing competitors and prevent new ones from arising - the #ChicagoSchool of neoliberal #economists "proved" that predatory pricing didn't exist and that the courts could stand down and stop busting companies for it.

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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/05/19/fake-it-till-you-make-it/#millennial-lifestyle-subsidy

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@pluralistic Top of mind today; how we allowed all the wealth to be siphoned off by Amazon and the like, as if monopolies were the point. We know what Hellscape this has birthed.

Couldn't help but wonder what Elizabeth Warren wakes up thinking about every morning; does she grieve our failure every single day?

@clairep @pluralistic @qwosl Sadly, most Americans are oblivious—putting convenience over fairness Every Time. It breaks my heart that we have same-day shipping in my town, but people can’t afford to be stay at home parents and school kids here don’t get free lunch. I want to live in Elizabeth Warren’s America, where we still get to have capitalism (and the opportunity that comes with it), but billionaires and corporations pay their fair share and we all have frigging childcare and healthcare.