Discover and read the best of Twitter Threads about #claytonact
Most recents (4)
#Sopranos fans know the #BustOut as a mob tactic in which a business is taken over, loaded up with debt, and driven into the ground, wrecking the business's workers, customers and suppliers. When the mob does it, it's a bust out; when Wall Street does it, it's #PrivateEquity.
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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:
pluralistic.net/2023/06/02/plu…
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pluralistic.net/2023/06/02/plu…
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It used to be that we rarely heard about private equity, but then, as national chains and iconic companies started to vanish, this mysterious financial arrangement popped up with increasing frequency.
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If the word "antitrust" has a dusty, old-fashioned feel, that's only to be expected - after all, the word has its origins in the late 19th C, when the first billionaire was created.
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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:
pluralistic.net/2023/04/14/aim…
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pluralistic.net/2023/04/14/aim…
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That billionaire was #JohnDRockefeller, who formed a "trust" with his oil industry competitors, through which they all agreed to stop competing with one another so they could concentrate on extracting more from their workers and their customers.
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The DoJ's antitrust lawsuit against #Google triggered an avalanche of pearl-clutching editorials from establishment lawyers and economists who argue that such a move is both counterproductive and legally incoherent. 1/
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:
pluralistic.net/2023/02/13/the… 2/
pluralistic.net/2023/02/13/the… 2/
These Very Bad Takes are only to be expected, since they emanate from ideologues who volunteered to serve as Renfields for vampiric monopolists. 3/
#FuneralHomes were once dominated by local, family owned businesses. Today, your local funeral home is likely owned by #ServiceCorporationInternational, who bought hundreds of funeral homes (keeping the proprietor's name over the door), hiking prices and reaping vast profits. 1/
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:
pluralistic.net/2022/12/16/sch… 2/
pluralistic.net/2022/12/16/sch… 2/
Funeral homes are now one of America's most predatory, vicious industries, and SCI uses the profits it gouges out of bereaved, reeling families to fuel more acquisitions - 121 more in 2021. 3/
