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Fnordinger

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pluralistic , to random
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Today's threads (a thread)

Inside: The airlines were patient zero in the junk-fee plague; and more!

Archived at: https://pluralistic.net/2024/06/07/drip-drip-drip/

1/

Fnordinger ,
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@pluralistic „Sorenson has one of those billiard-ball smooth brains characteristic of neoclassical economics zombies who insist that monopolies are simultaneously beneficial and impossible.“

This part really shows how important it is to question models. Under ideal market conditions monopolies could not happen, as cooperation could never be ensured and it would always pay to underbid competitors. So it can be seen as a prisoners dilemma. 1/n

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