Cory Doctorow
@pluralistic@mamot.fr
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow. Archived at pluralistic.net I post long threads. If you don't like these in your timeline but want to read them, I suggest unfollowing me here and subscribing to my RSS, or my newsletter, or any of my various long-form feeds. Links at https://pluralistic.net.
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This is pretty much the entire edifice of neoclassical economics. There's the "consumer welfare" theory of antitrust, that says that monopolies are efficient and insists that an inefficient monopoly would immediately tempt new competitors into the market who would compete away the monopolist's advantage:
https://pluralistic.net/2025/11/06/vertical-blinds/#invest-dont-acquire
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