> Markets prevent monopolies and cartels. A lot of the optimism seems to rely on this statement and...I'm not convinced? But I also admit I'm not well informed on the topic. Does anyone have suggested reading on 'market discipline', as they're calling it? I mean, the first person on their "Patron Saints of Techno-Optimism" is Jeff Bezos, who is actively dealing with an antitrust lawsuit from the FTC regarding Amazon'…
> I mean, the first person on their "Patron Saints of Techno-Optimism" is Jeff Bezos No, it's an anonymous Twitter account, you read the name wrong, "Beff Jezos" (sic), not "Jeff Bezos". Also if you look at the purest form of markets, which is probably high frequency trading, there are no monopolies and no cartels. It's an intensely competitive industry with relatively small profits given their transaction volume.
An utterly useless human activity, that does nothing for actual humanity but simply serves as a wealth redistribution technique shared among a tiny number of highly-self-interested individuals ... it might be "pure" but it's not "pure" in any way.