The antitrust case against Prime

Originally published at pluralistic.net Cory Doctorow The starting gun on Big Tech trustbusting was fired in 2017, when Lina Khan, then a law student (now an FTC trustbuster!) published “Amazon’s Antitrust Paradox,” a law-review article showing how Amazon formed a monopoly without legal trouble. https://www.yalelawjournal.org/note/amazons-antitrust-paradox The key was a Reagan-era shift in antitrust policy, based […]

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Google’s monopoly rigged the ad market

Originally published at pluralistic.net Cory Doctorow The quest to bring antitrust law to bear against tech companies is finally paying off, but it’s been a long, hard slog. At the vanguard have been two legal scholars: Columbia law’s Lina M Khan linamkhan and Yale’s Dina Srinivasan. The first watershed moment was Khan’s Jan 2017 Yale […]

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Bill Gates’s monopolistic mask-off moment

Originally published at pluralistic.net Cory Doctorow Don’t let the sweater-vests and the (dilettantish) “education reform” work fool you: Bill Gates made his fortune through sheer robber-baronry, presiding over a vicious monopolist that shattered the law in its greedy quest for billions and permanent, global dominance. Microsoft’s illegal conduct was so blatant, persistent and obviously wicked […]

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Warren Buffet, monopolist

Originally published at pluralistic.net Cory Doctorow Monopolized: Life in the Age of Corporate Power is David Dayen’s new book about the concentration of industry in America and around the world; one interesting implication of monopolies is that they are intensely individual phenomena. https://thenewpress.com/books/monopolized That is, despite being driven by vast social forces, monopolies have monopolists: […]

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End of the line for Reaganomics

Originally published at pluralistic.net Cory Doctorow Reagan turned the country upside-down, in a very bad way. The “Reagan revolution” was indeed revolutionary (or, rather, counter-revolutionary), reversing a half-century of progress on social safety nets, workers’ rights, and environmental protections. When we take stock of the Reagan years, we tend to focus on the actions that […]

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Cochrane, ‘What’s Love Got to Do with It? Diamonds and the Accumulation of De Beers, 1935-55’

Abstract What is accumulation? Visibly, accumulation is a quantitative process, demarcated in financial quantities. However, what is the meaning of those quantities? This question has been the subject of great debate within political economic thought. A new theory of accumulation, capital as power (CasP), argues that the financial quantities of accumulation express the distribution of […]

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