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Louis Brandeis would like a word. In particular: no, the fact that tech advances and economies of scale dropped oil prices at the same time Rockefeller was buil
by smallmancontrov 3mo ago
Louis Brandeis would like a word. In particular: no, the fact that tech advances and economies of scale dropped oil prices at the same time Rockefeller was building his monopoly does not make that monopoly harmless or good or justify it into perpetuity.
More importantly, after Ronald Reagan and Robert Bork brought us back to robber-baron era antitrust policy, we've seen robber-baron level corporate consolidation and corporate profits. We've exceeded them in most regards, in fact. It has been terrible for consumers and excellent for shareholders.
- WalterBright 3mo agoSo, dropping kerosene prices by 70% due to tech advances and economies of scale was terrible for consumers? Do you have any evidence that corporate profit margins have increased?
- smallmancontrov 3mo ago[dead]