Cory Doctorow on Nostr: Traditional economics fails because it thinks about markets without thinking about ...
Traditional economics fails because it thinks about markets without thinking about power. Monopolies lead to more than market power: they produce regulatory capture, power over workers, and *state* capture, which felonizes competition through IP law.
44/
Published at
2024-03-12 17:46:25Event JSON
{
"id": "df6dd61687d9f81a4216fe8377af3e994796b2cd6cac7122096024ecb395752d",
"pubkey": "21856daf84c2e4e505290eb25e3083b0545b8c03ea97b89831117cff09fadf0d",
"created_at": 1710265585,
"kind": 1,
"tags": [
[
"e",
"c2ef0ee96c5655c39145ec9122741dbca1ff74e2e273293dc10dc7d76da7889a",
"wss://relay.mostr.pub",
"reply"
],
[
"content-warning",
"Long thread/44"
],
[
"proxy",
"https://mamot.fr/users/pluralistic/statuses/112083965407487553",
"activitypub"
]
],
"content": "Traditional economics fails because it thinks about markets without thinking about power. Monopolies lead to more than market power: they produce regulatory capture, power over workers, and *state* capture, which felonizes competition through IP law. \n\n44/",
"sig": "0cd894a0d419961193a9f38fbc6070dc2c76b1f2c7824253a31987a621bf853edef82ae6f1ef7b8e6c484988fb30917573e10855e40f8a82dc8db1b8338aa228"
}