Discover and read the best of Twitter Threads about #monopolists
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The instant that governments rolled out #relief funds so #quarantine-shuttered firms wouldn't fail and #covid-furloughed workers wouldn't starve, execs started rubbing their forelegs together, planning to raise prices and blame #inflation caused by giving money to The Poors. 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/2023/01/23/can… 2/
pluralistic.net/2023/01/23/can… 2/
They weren't exactly subtle about it: the CEOs of America's largest companies got on their quarterly investor calls and chortled about the willingness of "consumers" to blame inflation for the price-hikes they were cramming down their throats:
pluralistic.net/2021/11/20/qui… 3/
pluralistic.net/2021/11/20/qui… 3/
"We ❤️ #FAANG #monopolists " Beware #Goebbles says :" If you tell a lie big enough and keep repeating it, people will eventually come to believe it." (Hint: Count how many times we have heard this same #theme, in the same #media, by the same #authors)
2/goe #Economics101: If in an industry, u create a counter to an existing monopoly, u turn it into a duopoly, if u create 2nd counter it becomes an oligopoly. The first step in creating completion. The second step is to create a regulatory system that fosters/promotes competition
3/goe #RegulatoryEc The danger to society from #Asymmetric info & #moral hazard in #Finance was 10x that of goods monopolies, the danger from #SocialMedia & #E-com monopolies is 10x that of Financial collapse! Need 21st C regulations for latter! 🙏🏼don't make it a partisan issue
